Rivernorth Capital Management LLC Acquires New Holdings in Melar Acquisition Corp. I (NASDAQ:MACI)

Rivernorth Capital Management LLC acquired a new stake in Melar Acquisition Corp. I (NASDAQ:MACI) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 291,204 shares of the company’s stock, valued at approximately $2,912,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dakota Wealth Management bought a new position in Melar Acquisition Corp. I in the 3rd quarter valued at approximately $390,000. Deltec Asset Management LLC bought a new position in Melar Acquisition Corp. I in the 3rd quarter valued at approximately $1,000,000. Wolverine Asset Management LLC bought a new position in Melar Acquisition Corp. I in the 3rd quarter valued at approximately $1,034,000. ATW Spac Management LLC bought a new position in shares of Melar Acquisition Corp. I during the third quarter valued at $1,059,000. Finally, Wealthspring Capital LLC bought a new position in shares of Melar Acquisition Corp. I during the third quarter valued at $1,847,000.

Melar Acquisition Corp. I Price Performance

MACI stock opened at $10.05 on Thursday. The company’s fifty day simple moving average is $10.02. Melar Acquisition Corp. I has a 52-week low of $9.95 and a 52-week high of $10.07.

Melar Acquisition Corp. I Profile

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.