MMCAP International Inc. SPC Takes Position in Translational Development Acquisition Corp. (NASDAQ:TDACU)

MMCAP International Inc. SPC acquired a new stake in shares of Translational Development Acquisition Corp. (NASDAQ:TDACU) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 350,000 shares of the company’s stock, valued at approximately $6,454,000. Translational Development Acquisition comprises 1.0% of MMCAP International Inc. SPC’s holdings, making the stock its 27th largest position.

A number of other large investors have also made changes to their positions in TDACU. Tuttle Capital Management LLC bought a new stake in Translational Development Acquisition in the fourth quarter valued at about $461,000. Wolverine Asset Management LLC bought a new stake in Translational Development Acquisition in the fourth quarter valued at about $5,716,000. Finally, Calamos Advisors LLC bought a new stake in Translational Development Acquisition in the fourth quarter valued at about $6,915,000.

Translational Development Acquisition Trading Up 0.1 %

NASDAQ TDACU opened at $10.13 on Wednesday. The company has a 50-day simple moving average of $10.05. Translational Development Acquisition Corp. has a twelve month low of $10.00 and a twelve month 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.