Periscope Capital Inc. Has $3.67 Million Holdings in Spark I Acquisition Co. (NASDAQ:SPKL)

Periscope Capital Inc. decreased its holdings in Spark I Acquisition Co. (NASDAQ:SPKL - Free Report) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 350,000 shares of the company's stock after selling 50,000 shares during the quarter. Spark I Acquisition accounts for approximately 2.0% of Periscope Capital Inc.'s holdings, making the stock its 11th biggest holding. Periscope Capital Inc. owned 2.13% of Spark I Acquisition worth $3,671,000 at the end of the most recent quarter.

Separately, Wolverine Asset Management LLC bought a new position in shares of Spark I Acquisition during the third quarter valued at $4,177,000. 34.90% of the stock is currently owned by institutional investors and hedge funds.

Spark I Acquisition Stock Performance

Shares of SPKL remained flat at $10.56 during trading hours on Friday. 18,241 shares of the stock traded hands, compared to its average volume of 16,768. The company's 50 day moving average price is $10.53 and its two-hundred day moving average price is $10.44. Spark I Acquisition Co. has a fifty-two week low of $10.07 and a fifty-two week high of $11.95.

Spark I Acquisition Profile

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.