Malacca Straits Acquisition (MLACU) Stock Price, News & Analysis

Company Overview

Malacca Straits Acquisition Company (OTCMKTS:MLACU) is a special purpose acquisition company (SPAC) incorporated in the State of Delaware in August 2021. The company was formed as a blank check vehicle to raise capital through an initial public offering, issuing units comprised of shares of common stock and warrants. Its principal objective is to identify and complete a merger, stock purchase, asset acquisition, or similar business combination with one or more operating businesses.

Following its IPO, Malacca Straits Acquisition has maintained the proceeds in a trust account while evaluating potential transaction opportunities. To date, the company has not announced a definitive agreement with any target, and it remains within the timeframe established by its organizational documents to complete a qualifying business combination or return the funds to its public shareholders.

Trading under the ticker symbol MLACU on the OTC Markets, Malacca Straits Acquisition Company provides investors with exposure to the potential upside associated with a successful merger. While specific details on the management team’s background and targeted industries have not been broadly disclosed, the firm’s sponsors bring experience in capital markets and corporate development to support the search for a suitable business combination.

Key Stats

• Today's Range: $10.40 to $10.40
• 50-Day Range: $10.25 to $10.45
• 52-Week Range: $10.00 to $10.50
• Volume: 400 shs
• Average Volume: 21,967 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

MLACU Stock Analysis - Frequently Asked Questions

How have MLACU shares performed this year?

Malacca Straits Acquisition's stock was trading at $10.03 on January 1st, 2025. Since then, MLACU stock has increased by 3.7% and is now trading at $10.40.

When did Malacca Straits Acquisition's lock-up period expire?

Malacca Straits Acquisition's lock-up period expired on Wednesday, June 11th. Malacca Straits Acquisition had issued 21,000,000 shares in its initial public offering on December 13th. The total size of the offering was $210,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the end of the lock-up period.

How do I buy shares of Malacca Straits Acquisition?

Shares of MLACU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Financial Services
• Industry: Shell Companies
• Sub-Industry: Automobiles And Trucks
• Current Symbol: OTCMKTS:MLACU
• CIK: 1807594
• Web: www.malaccastraits.net
• Phone: 852-2106-0888
• Fax: N/A
• Employees: 2
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A