---
title: "Periscope Capital Inc. Invests $2.50 Million in Melar Acquisition Corp. I (NASDAQ:MACI)"
description: "Periscope Capital Inc. has invested approximately $497,000 in Melar Acquisition Corp. I (NASDAQ:MACI) by acquiring 249,800 shares, making it the 26th largest holding in its portfolio. Other investors,"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/220534954.md"
published_at: "2024-11-24T14:27:53.000Z"
---

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

> Periscope Capital Inc. has invested approximately $497,000 in Melar Acquisition Corp. I (NASDAQ:MACI) by acquiring 249,800 shares, making it the 26th largest holding in its portfolio. Other investors, including Wealthspring Capital LLC and Dakota Wealth Management, also purchased stakes in Melar Acquisition Corp. I during the third quarter. The stock has a 1-year low of $9.95 and a high of $10.05, currently trading at $10.03.

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 Performance

NASDAQ: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.

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*This 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.*

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
