Wolverine Asset Management LLC Cuts Holdings in Mountain Lake Acquisition Corp. $MLAC

Key Points

• Wolverine Asset Management trimmed its stake in Mountain Lake Acquisition by 41.4% in Q4, selling 679,343 shares and retaining 963,368 shares (about 3.40% ownership) valued at $10,019,000.
• Other institutions moved in: UBS boosted its stake by 1,523.6% to 209,288 shares (~$2.18M), while Goldman Sachs, Moore Capital and Radcliffe established new positions valued at roughly $4.48M, $2.05M and $994K respectively.
• MLAC shares trade near $10.57 (1‑year range $10.12–$10.69) with 50/200‑day moving averages around $10.54/$10.46, and the company reported $0.07 EPS last quarter.

Wolverine Asset Management LLC trimmed its holdings in shares of Mountain Lake Acquisition Corp. (NASDAQ:MLAC - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 963,368 shares of the company's stock after selling 679,343 shares during the period. Wolverine Asset Management LLC owned about 3.40% of Mountain Lake Acquisition worth $10,019,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Clear Street Group Inc. purchased a new position in shares of Mountain Lake Acquisition during the 3rd quarter worth approximately $40,000. Radcliffe Capital Management L.P. purchased a new position in Mountain Lake Acquisition in the 2nd quarter valued at approximately $994,000. Moore Capital Management LP purchased a new position in Mountain Lake Acquisition in the 2nd quarter valued at approximately $2,052,000. UBS Group AG increased its stake in Mountain Lake Acquisition by 1,523.6% in the 4th quarter. UBS Group AG now owns 209,288 shares of the company's stock valued at $2,177,000 after purchasing an additional 196,398 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Mountain Lake Acquisition in the 1st quarter valued at approximately $4,483,000.

Mountain Lake Acquisition Price Performance

NASDAQ MLAC opened at $10.57 on Monday. Mountain Lake Acquisition Corp. has a 1-year low of $10.12 and a 1-year high of $10.69. The business has a 50 day moving average price of $10.54 and a 200 day moving average price of $10.46.

Mountain Lake Acquisition (NASDAQ:MLAC - Get Free Report) last released its quarterly earnings data on Friday, February 20th. The company reported $0.07 earnings per share for the quarter.

About Mountain Lake Acquisition

Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries. The company was formerly known as Bilbao Street Limited and changed its name to Malacca Straits Acquisition Company Limited in February 2020. Malacca Straits Acquisition Company Limited was incorporated in 2019 and is based in Central, Hong Kong.

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