374,989 Shares in Melar Acquisition Corp. I (NASDAQ:MACI) Bought by Glazer Capital LLC

Glazer Capital LLC acquired a new stake in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 374,989 shares of the company's stock, valued at approximately $3,748,000. Glazer Capital LLC owned approximately 1.85% of Melar Acquisition Corp. I as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dakota Wealth Management purchased a new position in Melar Acquisition Corp. I in the 3rd quarter worth approximately $390,000. Deltec Asset Management LLC bought a new position in shares of Melar Acquisition Corp. I in the third quarter worth approximately $1,000,000. Wolverine Asset Management LLC purchased a new position in shares of Melar Acquisition Corp. I in the third quarter worth $1,034,000. ATW Spac Management LLC bought a new stake in Melar Acquisition Corp. I during the 3rd quarter valued at $1,059,000. Finally, Wealthspring Capital LLC purchased a new stake in Melar Acquisition Corp. I during the 3rd quarter valued at $1,847,000.

Melar Acquisition Corp. I Trading Down 0.2 %

Shares of MACI stock traded down $0.02 during mid-day trading on Friday, reaching $10.04. The stock had a trading volume of 300 shares, compared to its average volume of 20,083. The company has a 50-day moving average price of $10.01. Melar Acquisition Corp. I has a 52-week low of $9.95 and a 52-week high of $10.07.

Melar Acquisition Corp. I Profile

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.