Periscope Capital Inc. Sells 50,000 Shares of Spark I Acquisition Co. (NASDAQ:SPKL)

Periscope Capital Inc. reduced its stake in Spark I Acquisition Co. (NASDAQ:SPKL - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,000 shares of the company's stock after selling 50,000 shares during the period. Spark I Acquisition makes up approximately 1.9% of Periscope Capital Inc.'s holdings, making the stock its 16th largest holding. Periscope Capital Inc. owned approximately 1.83% of Spark I Acquisition worth $3,192,000 as of its most recent SEC filing.

Separately, Wolverine Asset Management LLC raised its stake in Spark I Acquisition by 19.5% during the fourth quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company's stock worth $5,063,000 after acquiring an additional 77,581 shares in the last quarter. Hedge funds and other institutional investors own 34.90% of the company's stock.

Spark I Acquisition Stock Up 0.1 %

Shares of NASDAQ:SPKL traded up $0.01 on Friday, hitting $10.76. The stock had a trading volume of 933 shares, compared to its average volume of 30,434. The firm's 50 day moving average price is $10.71 and its 200-day moving average price is $10.60. Spark I Acquisition Co. has a twelve month low of $10.26 and a twelve month high of $11.95.

About Spark I Acquisition

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.