Rangeley Capital LLC Acquires New Holdings in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

Rangeley Capital LLC bought a new position in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 95,000 shares of the company’s stock, valued at approximately $953,000.

A number of other institutional investors have also modified their holdings of MLACU. Wealthspring Capital LLC purchased a new stake in Malacca Straits Acquisition during the 4th quarter worth approximately $119,000. Tuttle Capital Management LLC acquired a new stake in shares of Malacca Straits Acquisition during the fourth quarter worth $401,000. Deltec Asset Management LLC purchased a new stake in shares of Malacca Straits Acquisition during the fourth quarter valued at $502,000. Periscope Capital Inc. acquired a new position in shares of Malacca Straits Acquisition in the 4th quarter valued at $1,003,000. Finally, Mint Tower Capital Management B.V. purchased a new position in Malacca Straits Acquisition in the 4th quarter worth $1,003,000.

Malacca Straits Acquisition Stock Up 0.2 %

Shares of MLACU opened at $10.23 on Thursday. The stock has a 50-day moving average of $10.17 and a two-hundred day moving average of $10.33. Malacca Straits Acquisition Company Limited has a one year low of $10.00 and a one year high of $10.32.

Malacca Straits Acquisition Company Profile

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.