Tidal Investments LLC Invests $209,000 in Melar Acquisition Corp. I (NASDAQ:MACI)

Tidal Investments LLC bought a new stake in shares of Melar Acquisition Corp. I (NASDAQ:MACI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 20,902 shares of the company’s stock, valued at approximately $209,000. Tidal Investments LLC owned 0.10% of Melar Acquisition Corp. I as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. acquired a new position in shares of Melar Acquisition Corp. I during the third quarter worth approximately $14,843,000. Glazer Capital LLC acquired a new position in Melar Acquisition Corp. I during the 3rd quarter valued at $3,748,000. Rivernorth Capital Management LLC bought a new stake in Melar Acquisition Corp. I in the 3rd quarter valued at $2,912,000. Periscope Capital Inc. acquired a new stake in Melar Acquisition Corp. I in the 3rd quarter worth $2,497,000. Finally, Berkley W R Corp bought a new position in shares of Melar Acquisition Corp. I during the 3rd quarter worth about $1,991,000.

Melar Acquisition Corp. I Price Performance

NASDAQ MACI opened at $10.06 on Thursday. Melar Acquisition Corp. I has a twelve month low of $9.95 and a twelve month high of $10.18. The company has a 50-day moving average of $10.04.

Melar Acquisition Corp. I Company Profile

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.