Wolverine Asset Management LLC Acquires 223,672 Shares of Melar Acquisition Corp. I (NASDAQ:MACI)

Wolverine Asset Management LLC grew its holdings in Melar Acquisition Corp. I (NASDAQ:MACI) by 216.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 327,172 shares of the company’s stock after acquiring an additional 223,672 shares during the period. Wolverine Asset Management LLC’s holdings in Melar Acquisition Corp. I were worth $3,291,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rivernorth Capital Management LLC bought a new position in Melar Acquisition Corp. I in the third quarter worth approximately $2,998,000. Berkley W R Corp bought a new position in Melar Acquisition Corp. I in the third quarter worth approximately $1,991,000. Periscope Capital Inc. bought a new position in Melar Acquisition Corp. I in the third quarter worth approximately $2,497,000. Deltec Asset Management LLC bought a new position in Melar Acquisition Corp. I in the third quarter worth approximately $1,000,000. Finally, Glazer Capital LLC bought a new position in Melar Acquisition Corp. I in the third quarter worth approximately $3,748,000.

Melar Acquisition Corp. I Stock Performance

MACI opened at $10.18 on Friday. Melar Acquisition Corp. I has a 1-year low of $9.95 and a 1-year high of $10.22. The stock has a 50 day simple moving average of $10.11.

About Melar Acquisition Corp. I

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.