Wealthspring Capital LLC Takes $1.10 Million Position in Translational Development Acquisition Corp. (NASDAQ:TDACU)

Wealthspring Capital LLC purchased a new stake in Translational Development Acquisition Corp. (NASDAQ:TDACU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 59,360 shares of the company’s stock, valued at approximately $1,095,000. Translational Development Acquisition comprises 1.8% of Wealthspring Capital LLC’s portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Calamos Advisors LLC acquired a new position in Translational Development Acquisition during the 4th quarter worth approximately $6,915,000. Wolverine Asset Management LLC acquired a new position in Translational Development Acquisition during the 4th quarter worth approximately $5,716,000. MMCAP International Inc. SPC acquired a new position in Translational Development Acquisition during the 4th quarter worth approximately $6,454,000. Finally, Tuttle Capital Management LLC acquired a new position in Translational Development Acquisition during the 4th quarter worth approximately $461,000.

Translational Development Acquisition Price Performance

NASDAQ:TDACU opened at $10.13 on Wednesday. Translational Development Acquisition Corp. has a twelve month low of $10.00 and a twelve month high of $10.30. The business’s 50 day moving average price is $10.05.

Translational Development Acquisition Company Profile

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.