AQR Capital (10% owner) sold 190,000 shares (190.0K shares) for $2.1M at $11.02 on 2024-10-11, reducing stake to 405 shares.
AQR Capital Management Holdings, LLC executed 12 separate sales on 2024-10-11 totaling 190,000 shares for $2,093,800.00, reducing its TBMC stake from 190,405 shares to 405 shares—a 99.8% reduction. The sales occurred at $11.02, near the 52-week high of $11.03, with the stock currently 0.1% below that peak. This represents a near-complete exit by a 10% stakeholder from a blank-check company with a P/E of 58.00 and net income of $522,948.00. The multi-tranche execution and timing near the 52-week high warrant investor scrutiny of the filer's rationale, particularly given the SPAC structure and elevated valuation metrics.