Bulldog Investors LLP Buys New Holdings in Melar Acquisition Corp. I (NASDAQ:MACI)

Bulldog Investors LLP bought a new stake in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 150,000 shares of the company's stock, valued at approximately $1,512,000. Bulldog Investors LLP owned approximately 0.74% of Melar Acquisition Corp. I at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Tidal Investments LLC acquired a new stake in shares of Melar Acquisition Corp. I during the 3rd quarter worth $209,000. Schonfeld Strategic Advisors LLC acquired a new stake in Melar Acquisition Corp. I during the 4th quarter worth approximately $507,000. Finally, Wolverine Asset Management LLC increased its holdings in Melar Acquisition Corp. I by 216.1% in the fourth quarter. Wolverine Asset Management LLC now owns 327,172 shares of the company's stock valued at $3,291,000 after purchasing an additional 223,672 shares during the period.

Melar Acquisition Corp. I Price Performance

MACI traded up $0.02 during trading on Friday, hitting $10.32. The company's stock had a trading volume of 256 shares, compared to its average volume of 67,730. The stock's fifty day moving average price is $10.26 and its 200-day moving average price is $10.15. Melar Acquisition Corp. I has a twelve month low of $9.95 and a twelve month high of $10.35.

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.