Wealthspring Capital LLC Purchases New Shares in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

Wealthspring Capital LLC purchased a new position in shares of 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 fund purchased 11,850 shares of the company’s stock, valued at approximately $119,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tuttle Capital Management LLC acquired a new position in Malacca Straits Acquisition during the 4th quarter worth $401,000. Deltec Asset Management LLC bought a new position in shares of Malacca Straits Acquisition during the fourth quarter worth about $502,000. Finally, Wolverine Asset Management LLC bought a new position in shares of Malacca Straits Acquisition during the fourth quarter worth about $5,767,000.

Malacca Straits Acquisition Price Performance

Shares of Malacca Straits Acquisition stock opened at $10.19 on Wednesday. The business has a 50-day moving average price of $10.08 and a 200 day moving average price of $10.41. Malacca Straits Acquisition Company Limited has a fifty-two week low of $10.00 and a fifty-two week high of $10.20.

About Malacca Straits Acquisition

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.