Periscope Capital Inc. acquired a new stake in shares of Melar Acquisition Corp. I (NASDAQ:MACI – Free Report) in the third quarter, HoldingsChannel reports. The firm acquired 249,800 shares of the company’s stock, valued at approximately $2,497,000. Melar Acquisition Corp. I comprises 1.4% of Periscope Capital Inc.’s portfolio, making the stock its 26th biggest holding.
Other hedge funds also recently bought and sold shares of the company. Dakota Wealth Management bought a new stake in shares of Melar Acquisition Corp. I during the third quarter worth $390,000. Deltec Asset Management LLC bought a new position in shares of Melar Acquisition Corp. I in the third quarter worth about $1,000,000. Wolverine Asset Management LLC purchased a new position in Melar Acquisition Corp. I in the 3rd quarter worth about $1,034,000. ATW Spac Management LLC bought a new stake in Melar Acquisition Corp. I during the 3rd quarter valued at about $1,059,000. Finally, Wealthspring Capital LLC purchased a new stake in Melar Acquisition Corp. I in the 3rd quarter valued at about $1,847,000.
Melar Acquisition Corp. I Stock Performance
Shares of MACI stock opened at $10.03 on Friday. The stock has a 50-day moving average of $10.00. Melar Acquisition Corp. I has a one year low of $9.95 and a one year high of $10.05.
Melar Acquisition Corp. I Company 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.
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Want to see what other hedge funds are holding MACI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Melar Acquisition Corp. I (NASDAQ:MACI – Free Report).
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