Magnetar Financial LLC Acquires Shares of 1,900,000 Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

Magnetar Financial LLC acquired a new stake in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,900,000 shares of the company’s stock, valued at approximately $19,038,000.

Several other hedge funds also recently bought and sold shares of the business. Decagon Asset Management LLP bought a new position in shares of Malacca Straits Acquisition during the 4th quarter worth $1,282,000. Periscope Capital Inc. bought a new position in shares of Malacca Straits Acquisition during the 4th quarter worth $1,003,000. Picton Mahoney Asset Management bought a new position in shares of Malacca Straits Acquisition during the 4th quarter worth $2,508,000. Schechter Investment Advisors LLC bought a new position in shares of Malacca Straits Acquisition during the 4th quarter worth $1,543,000. Finally, Wealthspring Capital LLC bought a new position in shares of Malacca Straits Acquisition during the 4th quarter worth $119,000.

Malacca Straits Acquisition Price Performance

MLACU opened at $10.21 on Thursday. Malacca Straits Acquisition Company Limited has a 12-month low of $10.00 and a 12-month high of $10.21. The business’s fifty day simple moving average is $10.14 and its 200-day simple moving average is $10.36.

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.