Wealthspring Capital LLC Makes New Investment in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

Wealthspring Capital LLC bought a new stake in shares of Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,850 shares of the company’s stock, valued at approximately $119,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tuttle Capital Management LLC acquired a new stake in shares of Malacca Straits Acquisition in the 4th quarter worth about $401,000. Deltec Asset Management LLC acquired a new position in Malacca Straits Acquisition during the 4th quarter valued at about $502,000. Finally, Wolverine Asset Management LLC bought a new position in Malacca Straits Acquisition in the 4th quarter worth about $5,767,000.

Malacca Straits Acquisition Stock Performance

Shares of OTCMKTS:MLACU opened at $10.19 on Wednesday. The firm’s 50 day moving average is $10.08 and its two-hundred day moving average is $10.41. Malacca Straits Acquisition Company Limited has a 52 week low of $10.00 and a 52 week high of $10.20.

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.