Polar Asset Management Partners Inc. Takes $14.75 Million Position in Translational Development Acquisition Corp. (NASDAQ:TDACU)

Polar Asset Management Partners Inc. acquired a new stake in shares of Translational Development Acquisition Corp. (NASDAQ:TDACU) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 800,000 shares of the company’s stock, valued at approximately $14,752,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Millennium Management LLC acquired a new stake in Translational Development Acquisition in the 4th quarter valued at $7,376,000. Moore Capital Management LP acquired a new stake in Translational Development Acquisition in the 4th quarter valued at $1,844,000. Linden Advisors LP acquired a new stake in Translational Development Acquisition in the 4th quarter valued at $11,064,000. LMR Partners LLP acquired a new stake in Translational Development Acquisition in the 4th quarter valued at $14,752,000. Finally, K2 Principal Fund L.P. acquired a new stake in Translational Development Acquisition in the 4th quarter valued at $12,447,000.

Translational Development Acquisition Trading Up 0.4%

Shares of TDACU stock opened at $10.27 on Thursday. The company has a fifty day moving average of $10.19. Translational Development Acquisition Corp. has a one year low of $10.00 and a one year high of $10.30.

About Translational Development Acquisition

Trident Acquisitions Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector.