Malacca Straits Acquisition Company Limited’s Quiet Period Will End on January 22nd (OTCMKTS:MLACU)

Malacca Straits Acquisition’s (OTCMKTS:MLACU) quiet period will end on Wednesday, January 22nd. Malacca Straits Acquisition had issued 21,000,000 shares in its initial public offering on December 13th. The total size of the offering was $210,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Malacca Straits Acquisition Trading Up 0.1 %

MLACU stock opened at $10.04 on Friday. The business’s 50-day moving average is $10.30 and its 200 day moving average is $10.50. Malacca Straits Acquisition has a 12-month low of $10.00 and a 12-month high of $10.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Malacca Straits Acquisition stock. Tuttle Capital Management LLC purchased a new stake in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 40,000 shares of the company’s stock, valued at approximately $401,000. Malacca Straits Acquisition accounts for approximately 2.4% of Tuttle Capital Management LLC’s holdings, making the stock its 23rd largest holding.

Malacca Straits 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.