Mizuho Securities USA LLC Has $3.88 Million Position in Spark I Acquisition Corporation (NASDAQ:SPKL)

Key Points

• Mizuho Securities USA LLC increased its stake in Spark I Acquisition Corporation by 137.4% in the first quarter, owning a total of 362,265 shares valued at approximately $3.9 million.
• Other institutional investors, including Bulldog Investors LLP and D. E. Shaw & Co. Inc., have also raised their holdings in Spark I Acquisition, showcasing a trend of increased interest among hedge funds.
• The stock is currently trading at $10.96, with a 52-week range between $10.44 and $11.95, indicating a relatively stable stock price within that period.

Mizuho Securities USA LLC increased its stake in Spark I Acquisition Corporation (NASDAQ:SPKL - Free Report) by 137.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 362,265 shares of the company's stock after purchasing an additional 209,642 shares during the period. Mizuho Securities USA LLC owned approximately 2.21% of Spark I Acquisition worth $3,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Bulldog Investors LLP raised its holdings in shares of Spark I Acquisition by 46.6% in the 4th quarter. Bulldog Investors LLP now owns 149,734 shares of the company's stock worth $1,593,000 after acquiring an additional 47,616 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Spark I Acquisition by 12.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company's stock worth $1,864,000 after acquiring an additional 18,952 shares in the last quarter. Toronto Dominion Bank bought a new position in Spark I Acquisition during the fourth quarter valued at approximately $5,320,000. Finally, Wolverine Asset Management LLC increased its stake in shares of Spark I Acquisition by 43.4% in the first quarter. Wolverine Asset Management LLC now owns 682,588 shares of the company's stock worth $7,379,000 after purchasing an additional 206,713 shares in the last quarter. 34.90% of the stock is currently owned by institutional investors and hedge funds.

Spark I Acquisition Price Performance

Shares of Spark I Acquisition stock traded down $0.03 during trading on Friday, hitting $10.97. The stock had a trading volume of 101 shares, compared to its average volume of 37,060. Spark I Acquisition Corporation has a 12 month low of $10.44 and a 12 month high of $11.95. The firm's fifty day simple moving average is $10.93 and its 200-day simple moving average is $10.83.

About Spark I Acquisition

Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.