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

Wolverine Asset Management LLC purchased a new stake in Melar Acquisition Corp. I (NASDAQ:MACI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dakota Wealth Management purchased a new position in shares of Melar Acquisition Corp. I during the third quarter valued at approximately $390,000. Deltec Asset Management LLC acquired a new position in Melar Acquisition Corp. I during the third quarter worth approximately $1,000,000. Finally, Wealthspring Capital LLC acquired a new position in Melar Acquisition Corp. I during the third quarter worth approximately $1,847,000.

Melar Acquisition Corp. I Price Performance

Shares of MACI stock opened at $10.01 on Wednesday. Melar Acquisition Corp. I has a one year low of $9.95 and a one year high of $10.05. The stock’s 50 day moving average is $9.99.

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.