Melar Acquisition Corp. I (NASDAQ:MACI) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its stake in Melar Acquisition Corp. I (NASDAQ:MACI) by 35.6% in the 4th quarter, Holdings Channel reports. The firm owned 576,328 shares of the company’s stock after purchasing an additional 151,328 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Melar Acquisition Corp. I were worth $5,809,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Melar Acquisition Corp. I in the fourth quarter valued at $507,000. Bulldog Investors LLP purchased a new position in Melar Acquisition Corp. I during the 4th quarter valued at about $1,512,000. Finally, Wolverine Asset Management LLC boosted its holdings in Melar Acquisition Corp. I by 216.1% during the 4th quarter. Wolverine Asset Management LLC now owns 327,172 shares of the company’s stock valued at $3,291,000 after acquiring an additional 223,672 shares during the period.

Melar Acquisition Corp. I Stock Performance

Shares of NASDAQ:MACI opened at $10.33 on Friday. Melar Acquisition Corp. I has a 1 year low of $9.95 and a 1 year high of $10.39. The firm’s 50-day moving average is $10.28 and its two-hundred day moving average is $10.16.

About Melar Acquisition Corp. I

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.