Mizuho Securities USA LLC Grows Stock Holdings in Melar Acquisition Corp. I (NASDAQ:MACI)

Key Points

• Mizuho Securities USA LLC significantly increased its holdings in Melar Acquisition Corp. I by 273.2% in the first quarter, acquiring an additional 92,793 shares.
• Several institutional investors, including Hudson Bay Capital Management LP and D. E. Shaw & Co. Inc., also invested in Melar Acquisition Corp. I, reflecting growing interest in the company.
• As of the latest report, Melar Acquisition Corp. I's stock price was $10.50, with a 1-year high of $10.83 and a low of $9.95.

Mizuho Securities USA LLC boosted its holdings in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) by 273.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,753 shares of the company's stock after acquiring an additional 92,793 shares during the quarter. Mizuho Securities USA LLC owned 0.63% of Melar Acquisition Corp. I worth $1,293,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MACI. Toronto Dominion Bank purchased a new stake in Melar Acquisition Corp. I in the fourth quarter worth approximately $152,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Melar Acquisition Corp. I during the 4th quarter valued at $507,000. Bulldog Investors LLP bought a new stake in shares of Melar Acquisition Corp. I during the 4th quarter valued at $1,512,000. Hudson Bay Capital Management LP bought a new stake in shares of Melar Acquisition Corp. I during the 4th quarter valued at $3,270,000. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Melar Acquisition Corp. I by 35.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 576,328 shares of the company's stock valued at $5,809,000 after acquiring an additional 151,328 shares during the period.

Melar Acquisition Corp. I Stock Down 0.3%

Shares of NASDAQ MACI traded down $0.03 during trading on Thursday, hitting $10.49. The company had a trading volume of 2,900 shares, compared to its average volume of 107,418. The stock has a 50 day simple moving average of $10.50 and a 200 day simple moving average of $10.34. Melar Acquisition Corp. I has a 12 month low of $9.95 and a 12 month high of $10.83.

About Melar Acquisition Corp. I

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.