Boothbay Fund Management LLC Takes Position in Valuence Merger Corp. I (NASDAQ:VMCA)

Boothbay Fund Management LLC purchased a new stake in shares of Valuence Merger Corp. I (NASDAQ:VMCA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,441 shares of the company's stock, valued at approximately $685,000. Boothbay Fund Management LLC owned 0.81% of Valuence Merger Corp. I at the end of the most recent reporting period.

Separately, Virtu Financial LLC purchased a new stake in shares of Valuence Merger Corp. I in the fourth quarter valued at $220,000. Hedge funds and other institutional investors own 52.21% of the company's stock.

Valuence Merger Corp. I Stock Performance

Shares of Valuence Merger Corp. I stock remained flat at $12.00 during midday trading on Monday. The stock has a market capitalization of $88.44 million, a price-to-earnings ratio of 75.00 and a beta of 0.01. Valuence Merger Corp. I has a 1-year low of $11.39 and a 1-year high of $11.79. The stock has a 50-day simple moving average of $11.83 and a two-hundred day simple moving average of $11.65.

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.