Rivernorth Capital Management LLC purchased a new stake in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 291,204 shares of the company's stock, valued at approximately $2,912,000. Rivernorth Capital Management LLC owned 1.44% of Melar Acquisition Corp. I as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of MACI. Polar Asset Management Partners Inc. acquired a new stake in Melar Acquisition Corp. I in the third quarter worth $14,843,000. Glazer Capital LLC acquired a new stake in Melar Acquisition Corp. I in the third quarter worth $3,748,000. Periscope Capital Inc. acquired a new stake in Melar Acquisition Corp. I in the third quarter worth $2,497,000. Berkley W R Corp acquired a new stake in Melar Acquisition Corp. I in the third quarter worth $1,991,000. Finally, Wealthspring Capital LLC bought a new position in shares of Melar Acquisition Corp. I in the third quarter valued at $1,847,000.
Melar Acquisition Corp. I Price Performance
Shares of Melar Acquisition Corp. I stock remained flat at $10.05 during trading hours on Thursday. 217 shares of the company's stock were exchanged, compared to its average volume of 72,529. Melar Acquisition Corp. I has a 12-month low of $9.95 and a 12-month high of $10.07. The stock has a 50 day simple moving average of $10.02.
About Melar Acquisition Corp. I
(
Free Report)
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.
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