ATW Spac Management LLC Makes New Investment in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

ATW Spac Management LLC purchased a new stake in shares of Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 117,500 shares of the company’s stock, valued at approximately $1,179,000. Malacca Straits Acquisition comprises approximately 2.2% of ATW Spac Management LLC’s portfolio, making the stock its 15th biggest position.

Several other institutional investors also recently modified their holdings of MLACU. Wealthspring Capital LLC bought a new position in Malacca Straits Acquisition in the fourth quarter valued at $119,000. Tuttle Capital Management LLC bought a new position in shares of Malacca Straits Acquisition during the 4th quarter valued at about $401,000. Deltec Asset Management LLC purchased a new position in shares of Malacca Straits Acquisition during the 4th quarter valued at about $502,000. Mint Tower Capital Management B.V. bought a new stake in Malacca Straits Acquisition in the 4th quarter worth approximately $1,003,000. Finally, Periscope Capital Inc. bought a new position in Malacca Straits Acquisition during the fourth quarter valued at approximately $1,003,000.

Malacca Straits Acquisition Price Performance

MLACU stock opened at $10.21 on Friday. Malacca Straits Acquisition Company Limited has a one year low of $10.00 and a one year high of $10.21. The company’s 50 day moving average price is $10.16 and its two-hundred day moving average price is $10.34.

Malacca Straits Acquisition Profile

Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries.