Periscope Capital Inc. Invests $2.50 Million in Melar Acquisition Corp. I (NASDAQ:MACI)

Periscope Capital Inc. bought a new stake in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 249,800 shares of the company's stock, valued at approximately $2,497,000. Melar Acquisition Corp. I makes up about 1.4% of Periscope Capital Inc.'s investment portfolio, making the stock its 26th biggest holding. Periscope Capital Inc. owned 1.23% of Melar Acquisition Corp. I at the end of the most recent quarter.Other large investors also recently bought and sold shares of the company. Wealthspring Capital LLC bought a new position in Melar Acquisition Corp. I during the third quarter valued at $1,847,000. Dakota Wealth Management purchased a new stake in shares of Melar Acquisition Corp. I during the 3rd quarter valued at about $390,000. Deltec Asset Management LLC bought a new position in shares of Melar Acquisition Corp. I in the 3rd quarter valued at about $1,000,000. Wolverine Asset Management LLC purchased a new position in Melar Acquisition Corp. I in the third quarter worth about $1,034,000. Finally, ATW Spac Management LLC bought a new stake in Melar Acquisition Corp. I during the third quarter worth approximately $1,059,000. Melar Acquisition Corp. I Price PerformanceNASDAQ:MACI opened at $10.03 on Friday. The company has a 50 day moving average of $10.00. Melar Acquisition Corp. I has a 1 year low of $9.95 and a 1 year high of $10.05. Melar Acquisition Corp. I Profile (Free Report)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. Read MoreFive stocks we like better than Melar Acquisition Corp. IWhy Are Stock Sectors Important to Successful Investing?Disney’s Magic Strategy: Reinventing the House of MouseHow to buy stock: A step-by-step guide for beginners Volatility in Semis? 3 Stable Alternatives to NVIDIA and SMCIHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsVertiv’s Cool Tech Makes Its Stock Red-HotThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Bill Gates’ is about to mint millionaires (again) with Stargate. (From Brownstone Research) (Ad)Should you invest $1,000 in Melar Acquisition Corp. I right now?Before you consider Melar Acquisition Corp. I, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Melar Acquisition Corp. I wasn't on the list.While Melar Acquisition Corp. I currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here