Rivernorth Capital Management LLC Purchases Shares of 299,998 Melar Acquisition Corp. I (NASDAQ:MACI)

Rivernorth Capital Management LLC acquired a new stake in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 299,998 shares of the company's stock, valued at approximately $2,998,000. Rivernorth Capital Management LLC owned 1.48% of Melar Acquisition Corp. I as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Melar Acquisition Corp. I Price Performance

MACI stock traded up $0.01 during mid-day trading on Friday, reaching $10.07. The company had a trading volume of 3,907 shares, compared to its average volume of 68,301. The company has a fifty day moving average of $10.03. Melar Acquisition Corp. I has a fifty-two week low of $9.95 and a fifty-two week high of $10.18.

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.