Wolverine Asset Management LLC Invests $1.03 Million in Melar Acquisition Corp. I (NASDAQ:MACI)

Wolverine Asset Management LLC bought a new position in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 103,500 shares of the company's stock, valued at approximately $1,034,000. Wolverine Asset Management LLC owned approximately 0.51% of Melar Acquisition Corp. I at the end of the most recent reporting period.

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

Melar Acquisition Corp. I Stock Up 0.1 %

Shares of NASDAQ MACI traded up $0.01 during trading on Wednesday, hitting $10.02. 4,707 shares of the company were exchanged, compared to its average volume of 85,599. The company's fifty day moving average is $9.99. Melar Acquisition Corp. I has a 12-month low of $9.95 and a 12-month high of $10.05.

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.