635,399 Shares in Translational Development Acquisition Corp. (NASDAQ:TDACU) Bought by TENOR CAPITAL MANAGEMENT Co. L.P.

TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of Translational Development Acquisition Corp. (NASDAQ:TDACU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 635,399 shares of the company’s stock, valued at approximately $11,717,000.

Several other large investors have also added to or reduced their stakes in the business. Parallax Volatility Advisers L.P. acquired a new position in Translational Development Acquisition during the fourth quarter worth $929,000. Wealthspring Capital LLC acquired a new stake in Translational Development Acquisition in the fourth quarter valued at $1,095,000. Yakira Capital Management Inc. acquired a new stake in Translational Development Acquisition in the fourth quarter valued at $1,106,000. Warberg Asset Management LLC acquired a new stake in Translational Development Acquisition in the fourth quarter valued at $1,373,000. Finally, Centiva Capital LP acquired a new stake in Translational Development Acquisition in the fourth quarter valued at $1,844,000.

Translational Development Acquisition Price Performance

Shares of TDACU stock opened at $10.25 on Friday. The company has a fifty day moving average price of $10.19. Translational Development Acquisition Corp. has a one year low of $10.00 and a one year high of $10.30.

Translational Development Acquisition 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.