Periscope Capital Inc. cut its holdings in shares of Mountain Lake Acquisition Corp. (NASDAQ:MLAC – Free Report) by 41.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,000 shares of the company’s stock after selling 174,388 shares during the period. Periscope Capital Inc. owned approximately 0.88% of Mountain Lake Acquisition worth $2,600,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MLAC. Goldman Sachs Group Inc. acquired a new stake in Mountain Lake Acquisition during the first quarter valued at approximately $4,483,000. Moore Capital Management LP acquired a new position in Mountain Lake Acquisition in the 2nd quarter worth approximately $2,052,000. Radcliffe Capital Management L.P. acquired a new position in Mountain Lake Acquisition in the 2nd quarter worth approximately $994,000. Clear Street Group Inc. purchased a new position in Mountain Lake Acquisition during the 3rd quarter worth approximately $40,000. Finally, UBS Group AG grew its position in Mountain Lake Acquisition by 1,523.6% during the 4th quarter. UBS Group AG now owns 209,288 shares of the company’s stock worth $2,177,000 after purchasing an additional 196,398 shares in the last quarter.
Mountain Lake Acquisition Trading Up 0.0%
NASDAQ MLAC opened at $10.63 on Friday. Mountain Lake Acquisition Corp. has a twelve month low of $10.18 and a twelve month high of $10.69. The firm’s 50 day moving average price is $10.57 and its two-hundred day moving average price is $10.48.
About Mountain Lake 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. The company was formerly known as Bilbao Street Limited and changed its name to Malacca Straits Acquisition Company Limited in February 2020. Malacca Straits Acquisition Company Limited was incorporated in 2019 and is based in Central, Hong Kong.
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