AQR Arbitrage LLC Cuts Position in Melar Acquisition Corp. I $MACI

Key Points

• AQR Arbitrage LLC reduced its stake in Melar Acquisition Corp. I by 6.0%, owning approximately 1,018,179 shares valued at $10,416,000 following the sale of 65,000 shares.
• Other institutional investors, such as Mizuho Securities USA LLC and Wolverine Asset Management LLC, significantly increased their holdings in Melar Acquisition Corp. I during the first quarter, with increases of 273.2% and 264.9%, respectively.
• Melar Acquisition Corp. I's stock opened at $10.57, with a 52-week range between $9.95 and $10.83.

AQR Arbitrage LLC reduced its position in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,018,179 shares of the company's stock after selling 65,000 shares during the quarter. AQR Arbitrage LLC owned approximately 5.02% of Melar Acquisition Corp. I worth $10,416,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank acquired a new stake in Melar Acquisition Corp. I in the fourth quarter worth $152,000. Schonfeld Strategic Advisors LLC acquired a new stake in Melar Acquisition Corp. I in the fourth quarter worth $507,000. Mizuho Securities USA LLC raised its position in Melar Acquisition Corp. I by 273.2% in the first quarter. Mizuho Securities USA LLC now owns 126,753 shares of the company's stock worth $1,293,000 after acquiring an additional 92,793 shares during the period. D. E. Shaw & Co. Inc. raised its position in Melar Acquisition Corp. I by 35.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 576,328 shares of the company's stock worth $5,809,000 after acquiring an additional 151,328 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in Melar Acquisition Corp. I in the fourth quarter worth about $3,270,000.

Melar Acquisition Corp. I Stock Down 0.1%

Shares of NASDAQ MACI traded down $0.01 during midday trading on Monday, hitting $10.51. Melar Acquisition Corp. I has a 1 year low of $9.95 and a 1 year high of $10.83. The firm's fifty day simple moving average is $10.51 and its 200 day simple moving average is $10.38.

Melar Acquisition Corp. I 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.