Wolverine Asset Management LLC Buys 206,713 Shares of Spark I Acquisition Corporation (NASDAQ:SPKL)

Key Points

• Wolverine Asset Management LLC increased its stake in Spark I Acquisition Corporation by 43.4%, owning a total of 682,588 shares valued at approximately $7.4 million.
• Institutional investors control about 34.90% of Spark I Acquisition's stock, with other firms like D. E. Shaw & Co. and Bulldog Investors LLP also raising their stakes.
• Spark I Acquisition Corporation is currently trading at $10.99, with a twelve-month trading range between $10.44 and $11.95.

Wolverine Asset Management LLC raised its stake in Spark I Acquisition Corporation (NASDAQ:SPKL - Free Report) by 43.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 682,588 shares of the company's stock after buying an additional 206,713 shares during the quarter. Wolverine Asset Management LLC owned 4.16% of Spark I Acquisition worth $7,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPKL. D. E. Shaw & Co. Inc. increased its stake in shares of Spark I Acquisition by 12.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company's stock valued at $1,864,000 after acquiring an additional 18,952 shares during the last quarter. Bulldog Investors LLP grew its holdings in Spark I Acquisition by 46.6% during the fourth quarter. Bulldog Investors LLP now owns 149,734 shares of the company's stock valued at $1,593,000 after purchasing an additional 47,616 shares during the period. Finally, Toronto Dominion Bank acquired a new position in Spark I Acquisition during the fourth quarter valued at approximately $5,320,000. Institutional investors own 34.90% of the company's stock.

Spark I Acquisition Trading Down 0.1%

SPKL opened at $10.99 on Friday. The firm's fifty day moving average is $10.92 and its two-hundred day moving average is $10.83. Spark I Acquisition Corporation has a twelve month low of $10.44 and a twelve month high of $11.95.

Spark I Acquisition Company Profile

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.

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