Wolverine Asset Management LLC Has $7.38 Million Holdings in 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 boosted its position in shares of 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 & Exchange Commission. The firm owned 682,588 shares of the company's stock after acquiring an additional 206,713 shares during the period. Wolverine Asset Management LLC owned approximately 4.16% of Spark I Acquisition worth $7,379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPKL. Bulldog Investors LLP boosted 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 in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings 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 valued at $1,864,000 after purchasing an additional 18,952 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new stake in Spark I Acquisition during the fourth quarter valued at approximately $5,320,000. 34.90% of the stock is currently owned by institutional investors.

Spark I Acquisition Stock Down 0.4%

Shares of SPKL traded down $0.04 on Tuesday, hitting $10.96. The company's stock had a trading volume of 150 shares, compared to its average volume of 37,763. Spark I Acquisition Corporation has a fifty-two week low of $10.44 and a fifty-two week high of $11.95. The company has a 50 day moving average price of $10.92 and a 200 day moving average price of $10.83.

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.