Melar Acquisition Corp. I (NASDAQ:MACI) Shares Acquired by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management LLC significantly increased its holdings in Melar Acquisition Corp. I by 264.9% during Q1, owning a total of 1,194,001 shares valued at approximately $12.2 million.
• Several other institutional investors, including Toronto Dominion Bank and Hudson Bay Capital Management, also acquired positions in Melar Acquisition Corp. I, illustrating heightened interest from financial institutions.
• As of the most recent trading, shares of Melar Acquisition Corp. I opened at $10.47 with a one-year price range between $9.95 and $10.83.

Wolverine Asset Management LLC increased its holdings in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) by 264.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,194,001 shares of the company's stock after acquiring an additional 866,829 shares during the quarter. Wolverine Asset Management LLC owned approximately 5.89% of Melar Acquisition Corp. I worth $12,215,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MACI. Toronto Dominion Bank acquired a new position in Melar Acquisition Corp. I in the 4th quarter valued at $152,000. Schonfeld Strategic Advisors LLC acquired a new position in Melar Acquisition Corp. I in the 4th quarter valued at $507,000. Bulldog Investors LLP acquired a new position in Melar Acquisition Corp. I in the 4th quarter valued at $1,512,000. Hudson Bay Capital Management LP acquired a new position in Melar Acquisition Corp. I in the 4th quarter valued at $3,270,000. Finally, D. E. Shaw & Co. Inc. increased its stake in Melar Acquisition Corp. I by 35.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 576,328 shares of the company's stock valued at $5,809,000 after buying an additional 151,328 shares during the period.

Melar Acquisition Corp. I Price Performance

Shares of MACI opened at $10.47 on Friday. The company's fifty day moving average is $10.49 and its two-hundred day moving average is $10.33. Melar Acquisition Corp. I has a 1 year low of $9.95 and a 1 year high of $10.83.

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.

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