Malacca Straits Acquisition Company Limited’s Lock-Up Period Set To End on June 11th (OTCMKTS:MLACU)

Malacca Straits Acquisition’s (OTCMKTS:MLACU) lock-up period will end on Wednesday, June 11th. 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. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Malacca Straits Acquisition Stock Up 0.3%

MLACU opened at $10.28 on Wednesday. The firm’s 50-day simple moving average is $10.30 and its 200-day simple moving average is $10.24. Malacca Straits Acquisition has a twelve month low of $10.00 and a twelve month high of $10.50.

Institutional Investors Weigh In On Malacca Straits Acquisition

Several large investors have recently made changes to their positions in the company. Wealthspring Capital LLC bought a new stake in shares of Malacca Straits Acquisition in the 4th quarter worth about $119,000. Harraden Circle Investments LLC bought a new stake in shares of Malacca Straits Acquisition in the 4th quarter worth about $175,000. Deltec Asset Management LLC bought a new stake in shares of Malacca Straits Acquisition in the 4th quarter worth about $502,000. Rangeley Capital LLC bought a new stake in shares of Malacca Straits Acquisition in the 4th quarter worth about $953,000. Finally, Mint Tower Capital Management B.V. bought a new stake in shares of Malacca Straits Acquisition in the 4th quarter worth about $1,003,000.

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.