Deltec Asset Management LLC Makes New $1 Million Investment in Melar Acquisition Corp. I (NASDAQ:MACI)

Deltec Asset Management LLC purchased a new position in shares of Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 100,000 shares of the company's stock, valued at approximately $1,000,000. Deltec Asset Management LLC owned 0.49% of Melar Acquisition Corp. I at the end of the most recent quarter.

Separately, Wealthspring Capital LLC acquired a new stake in Melar Acquisition Corp. I during the third quarter worth approximately $1,847,000.

Melar Acquisition Corp. I Stock Performance

MACI stock traded down $0.01 during mid-day trading on Wednesday, reaching $10.02. The company's stock had a trading volume of 51,147 shares, compared to its average volume of 92,719. Melar Acquisition Corp. I has a 12 month low of $9.95 and a 12 month high of $10.04. The business's 50 day moving average price is $9.99.

Melar Acquisition Corp. I Company 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.