Glazer Capital LLC Trims Stock Position in Valuence Merger Corp. I (NASDAQ:VMCA)

Glazer Capital LLC decreased its position in Valuence Merger Corp. I (NASDAQ:VMCA) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,695 shares of the company’s stock after selling 2,105 shares during the period. Glazer Capital LLC owned 3.70% of Valuence Merger Corp. I worth $3,143,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Logan Stone Capital LLC acquired a new position in Valuence Merger Corp. I in the second quarter valued at approximately $176,000. Clear Street LLC acquired a new position in shares of Valuence Merger Corp. I in the 2nd quarter valued at $170,000. Condor Capital Management purchased a new position in shares of Valuence Merger Corp. I during the 2nd quarter worth $171,000. Finally, Virtu Financial LLC purchased a new position in Valuence Merger Corp. I during the first quarter worth about $357,000. Institutional investors and hedge funds own 52.21% of the company’s stock.

Valuence Merger Corp. I Stock Performance

Valuence Merger Corp. I stock opened at $11.52 on Friday. Valuence Merger Corp. I has a fifty-two week low of $11.01 and a fifty-two week high of $11.69. The firm has a 50 day moving average price of $11.52 and a 200 day moving average price of $11.49. The company has a market capitalization of $84.90 million, a PE ratio of 72.00 and a beta of 0.01.

About Valuence Merger Corp. I

Valuence Merger Corp. I does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology in Asia.