UBS Group AG boosted its holdings in Mountain Lake Acquisition Corp. (NASDAQ:MLAC – Free Report) by 1,523.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,288 shares of the company’s stock after acquiring an additional 196,398 shares during the quarter. UBS Group AG owned 0.74% of Mountain Lake Acquisition worth $2,177,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clear Street Group Inc. bought a new position in Mountain Lake Acquisition in the 3rd quarter valued at approximately $40,000. Radcliffe Capital Management L.P. raised its stake in Mountain Lake Acquisition by 99.3% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 193,057 shares of the company’s stock valued at $1,993,000 after buying an additional 96,203 shares during the last quarter. Moore Capital Management LP purchased a new stake in Mountain Lake Acquisition during the 2nd quarter valued at $2,052,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Mountain Lake Acquisition during the 1st quarter valued at $4,483,000.
Mountain Lake Acquisition Trading Up 0.2%
Shares of MLAC opened at $10.61 on Thursday. The firm has a fifty day simple moving average of $10.57 and a two-hundred day simple moving average of $10.48. Mountain Lake Acquisition Corp. has a 1-year low of $10.15 and a 1-year high of $10.69.
Mountain Lake 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. 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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