ATW Spac Management LLC Acquires Shares of 117,500 Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

ATW Spac Management LLC bought a new position in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 117,500 shares of the company’s stock, valued at approximately $1,179,000. Malacca Straits Acquisition comprises 2.2% of ATW Spac Management LLC’s holdings, making the stock its 15th largest holding.

Several other institutional investors also recently modified their holdings of MLACU. Magnetar Financial LLC purchased a new position in Malacca Straits Acquisition in the fourth quarter valued at about $19,038,000. Wolverine Asset Management LLC bought a new position in Malacca Straits Acquisition during the fourth quarter valued at $5,767,000. Picton Mahoney Asset Management purchased a new stake in Malacca Straits Acquisition in the fourth quarter worth $2,508,000. Schechter Investment Advisors LLC bought a new stake in shares of Malacca Straits Acquisition in the fourth quarter valued at $1,543,000. Finally, Decagon Asset Management LLP purchased a new position in shares of Malacca Straits Acquisition during the 4th quarter valued at $1,282,000.

Malacca Straits Acquisition Stock Performance

MLACU stock opened at $10.21 on Friday. Malacca Straits Acquisition Company Limited has a fifty-two week low of $10.00 and a fifty-two week high of $10.21. The stock has a fifty day moving average of $10.16 and a 200-day moving average of $10.34.

About Malacca Straits Acquisition

Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries.