Wolverine Asset Management LLC Invests $1.03 Million in Melar Acquisition Corp. I (NASDAQ:MACI)

Wolverine Asset Management LLC purchased a new stake in shares of Melar Acquisition Corp. I (NASDAQ:MACI) during the third quarter, Holdings Channel.com reports. The firm purchased 103,500 shares of the company’s stock, valued at approximately $1,034,000.

Other large investors have also made changes to their positions in the company. Deltec Asset Management LLC acquired a new stake in shares of Melar Acquisition Corp. I in the third quarter worth $1,000,000. Wealthspring Capital LLC acquired a new position in shares of Melar Acquisition Corp. I in the 3rd quarter valued at $1,847,000. Finally, Dakota Wealth Management acquired a new position in shares of Melar Acquisition Corp. I in the 3rd quarter valued at $390,000.

Melar Acquisition Corp. I Stock Performance

Shares of NASDAQ:MACI opened at $10.01 on Wednesday. Melar Acquisition Corp. I has a 12 month low of $9.95 and a 12 month high of $10.05. The stock’s 50-day moving average is $9.99.

Melar Acquisition Corp. I Profile

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.