Hudson Bay Capital Management LP Buys Shares of 650,000 Translational Development Acquisition Corp. (NASDAQ:TDACU)

Hudson Bay Capital Management LP bought a new position in shares of Translational Development Acquisition Corp. (NASDAQ:TDACU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 650,000 shares of the company’s stock, valued at approximately $11,986,000.

Several other institutional investors also recently modified their holdings of TDACU. Tuttle Capital Management LLC acquired a new stake in shares of Translational Development Acquisition in the 4th quarter valued at approximately $461,000. Calamos Advisors LLC bought a new stake in Translational Development Acquisition in the fourth quarter valued at approximately $6,915,000. Wolverine Asset Management LLC bought a new stake in Translational Development Acquisition in the fourth quarter valued at approximately $5,716,000. MMCAP International Inc. SPC bought a new stake in Translational Development Acquisition in the fourth quarter valued at approximately $6,454,000. Finally, Wealthspring Capital LLC bought a new stake in Translational Development Acquisition in the fourth quarter valued at approximately $1,095,000.

Translational Development Acquisition Stock Down 0.4%

Shares of NASDAQ:TDACU opened at $10.26 on Monday. Translational Development Acquisition Corp. has a 52 week low of $10.00 and a 52 week high of $10.30. The firm has a 50 day moving average price of $10.18.

About Translational Development Acquisition

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.