Yakira Capital Management Inc. Makes New Investment in Translational Development Acquisition Corp. (NASDAQ:TDACU)

Yakira Capital Management Inc. bought a new stake in Translational Development Acquisition Corp. (NASDAQ:TDACU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 60,000 shares of the company’s stock, valued at approximately $1,106,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Tuttle Capital Management LLC bought a new stake in Translational Development Acquisition in the fourth quarter worth about $461,000. Wealthspring Capital LLC purchased a new stake in shares of Translational Development Acquisition during the 4th quarter worth approximately $1,095,000. Mizuho Securities USA LLC bought a new stake in shares of Translational Development Acquisition in the 4th quarter worth approximately $2,305,000. Highbridge Capital Management LLC purchased a new position in Translational Development Acquisition in the fourth quarter valued at approximately $2,766,000. Finally, Schechter Investment Advisors LLC bought a new position in Translational Development Acquisition during the fourth quarter valued at $2,778,000.

Translational Development Acquisition Stock Performance

Shares of TDACU opened at $10.14 on Friday. Translational Development Acquisition Corp. has a 1 year low of $10.00 and a 1 year high of $10.30. The company has a fifty day moving average price of $10.12.

About Translational Development Acquisition

Trident Acquisitions Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector.