Malacca Straits Acquisition Company Limited’s (OTCMKTS:MLACU) Quiet Period Will End on January 22nd

Malacca Straits Acquisition’s (OTCMKTS:MLACU) quiet period is set to expire on Wednesday, January 22nd. Malacca Straits Acquisition had issued 21,000,000 shares in its public offering on December 13th. The total size of the offering was $210,000,000 based on an initial share price of $10.00. During Malacca Straits Acquisition’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Malacca Straits Acquisition Price Performance

Malacca Straits Acquisition stock opened at $10.03 on Friday. Malacca Straits Acquisition has a one year low of $10.00 and a one year high of $10.05. The stock’s 50 day moving average price is $10.32 and its 200 day moving average price is $10.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Malacca Straits Acquisition stock. Tuttle Capital Management LLC acquired a new position in shares of Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 40,000 shares of the company’s stock, valued at approximately $401,000. Malacca Straits Acquisition comprises 2.4% of Tuttle Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position.

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.