Wolverine Asset Management LLC Purchases 121,908 Shares of Generation Asia I Acquisition Limited (NYSE:GAQ)

Wolverine Asset Management LLC lifted its stake in Generation Asia I Acquisition Limited (NYSE:GAQ) by 31.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 508,590 shares of the company’s stock after buying an additional 121,908 shares during the quarter. Wolverine Asset Management LLC owned approximately 3.35% of Generation Asia I Acquisition worth $5,528,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GAQ. Spartan Fund Management Inc. purchased a new stake in Generation Asia I Acquisition during the third quarter valued at $89,000. BCK Capital Management LP purchased a new stake in Generation Asia I Acquisition during the third quarter valued at $499,000. Finally, Meteora Capital LLC purchased a new stake in Generation Asia I Acquisition during the third quarter valued at $2,922,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

Generation Asia I Acquisition Price Performance

Generation Asia I Acquisition stock traded up $0.01 during mid-day trading on Tuesday, reaching $11.07. 25,868 shares of the company’s stock traded hands, compared to its average volume of 52,090. The stock has a 50 day moving average of $11.03 and a two-hundred day moving average of $10.93. Generation Asia I Acquisition Limited has a 12-month low of $10.39 and a 12-month high of $11.20.

About Generation Asia I Acquisition

Generation Asia I Acquisition Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.