Radcliffe Capital Management L.P. Has $4.48 Million Position in Melar Acquisition Corp. I $MACI

Key Points

• Radcliffe Capital Management increased its stake in Melar Acquisition Corp. I by 45% in Q3 to 426,939 shares (about 2.11% ownership) valued at roughly $4.48 million.
• Other institutions also moved in size — Wolverine Asset Management lifted its holdings 137.5% to 926,328 shares (~$9.73M) and Meteora Capital opened a new stake of about $11.67M.
• Analyst consensus: Sell — Weiss Ratings reaffirmed a "sell (d)" and MarketBeat shows a consensus rating of "Sell" for MACI.

Radcliffe Capital Management L.P. raised its stake in shares of Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) by 45.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 426,939 shares of the company's stock after acquiring an additional 132,564 shares during the quarter. Radcliffe Capital Management L.P. owned approximately 2.11% of Melar Acquisition Corp. I worth $4,483,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MACI. Meteora Capital LLC bought a new stake in shares of Melar Acquisition Corp. I in the 2nd quarter worth about $11,669,000. Wolverine Asset Management LLC lifted its holdings in Melar Acquisition Corp. I by 137.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 926,328 shares of the company's stock valued at $9,726,000 after purchasing an additional 536,276 shares during the last quarter. Magnetar Financial LLC acquired a new position in Melar Acquisition Corp. I in the second quarter valued at about $3,861,000. Alberta Investment Management Corp acquired a new position in Melar Acquisition Corp. I in the second quarter valued at about $3,412,000. Finally, BCK Capital Management LP grew its stake in Melar Acquisition Corp. I by 37.7% during the third quarter. BCK Capital Management LP now owns 68,874 shares of the company's stock worth $723,000 after buying an additional 18,874 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Melar Acquisition Corp. I in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Melar Acquisition Corp. I has a consensus rating of "Sell".

Melar Acquisition Corp. I Price Performance

Melar Acquisition Corp. I stock opened at $10.74 on Friday. The business's fifty day moving average is $10.70 and its two-hundred day moving average is $10.63. Melar Acquisition Corp. I has a 52 week low of $10.19 and a 52 week high of $10.97.

Melar Acquisition Corp. I Company Profile

Melar Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the symbol MACI. The company was formed to raise capital through an initial public offering and to identify, merge with or acquire one or more businesses with the goal of completing an initial business combination. As a blank check vehicle, Melar Acquisition Corp. I does not currently conduct operations of its own beyond the pursuit of a qualifying transaction.

Upon its IPO, Melar Acquisition Corp.

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