Periscope Capital Inc. Trims Holdings in Valuence Merger Corp. I (NASDAQ:VMCA)

Periscope Capital Inc. lowered its position in Valuence Merger Corp. I (NASDAQ:VMCA) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,800 shares of the company’s stock after selling 1,200 shares during the quarter. Periscope Capital Inc.’s holdings in Valuence Merger Corp. I were worth $1,140,000 at the end of the most recent reporting period.

Valuence Merger Corp. I Price Performance

NASDAQ:VMCA opened at $11.73 on Monday. The company’s 50-day moving average is $11.65 and its two-hundred day moving average is $11.56. Valuence Merger Corp. I has a 1-year low of $11.17 and a 1-year high of $11.79. The firm has a market capitalization of $86.45 million, a price-to-earnings ratio of 73.32 and a beta of 0.01.

Valuence Merger Corp. I Company Profile

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.