Malacca Straits Acquisition Company Limited’s Quiet Period Will Expire Tomorrow (OTCMKTS:MLACU)

Malacca Straits Acquisition’s (OTCMKTS:MLACU) quiet period is set to end on Wednesday, January 22nd. Malacca Straits Acquisition had issued 21,000,000 shares in its public offering on December 13th. The total size of the offering was $210,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Malacca Straits Acquisition Price Performance

Shares of OTCMKTS:MLACU opened at $10.04 on Tuesday. Malacca Straits Acquisition has a 1 year low of $10.00 and a 1 year high of $10.05. The business’s 50-day moving average is $10.30 and its 200-day moving average is $10.49.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Malacca Straits Acquisition stock. Tuttle Capital Management LLC acquired a new stake in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,000 shares of the company’s stock, valued at approximately $401,000. Malacca Straits Acquisition accounts for about 2.4% of Tuttle Capital Management LLC’s portfolio, making the stock its 23rd largest holding.

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.