Wolverine Asset Management LLC Buys 150,474 Shares of Valuence Merger Corp. I (NASDAQ:VMCA)

Wolverine Asset Management LLC boosted its holdings in Valuence Merger Corp. I (NASDAQ:VMCA) by 67.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 373,515 shares of the company’s stock after purchasing an additional 150,474 shares during the period. Wolverine Asset Management LLC’s holdings in Valuence Merger Corp. I were worth $4,180,000 at the end of the most recent reporting period.

Separately, Spartan Fund Management Inc. raised its stake in shares of Valuence Merger Corp. I by 2.3% during the third quarter. Spartan Fund Management Inc. now owns 115,521 shares of the company’s stock valued at $1,283,000 after acquiring an additional 2,611 shares during the last quarter. Institutional investors own 52.21% of the company’s stock.

Valuence Merger Corp. I Stock Performance

Shares of NASDAQ:VMCA remained flat at $11.42 during midday trading on Wednesday. 376 shares of the stock traded hands, compared to its average volume of 41,704. The stock’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $11.22. Valuence Merger Corp. I has a 52-week low of $10.58 and a 52-week high of $11.85.

Valuence Merger Corp. I (NASDAQ:VMCA) last issued its quarterly earnings data on Thursday, March 28th. The company reported $0.09 EPS for the quarter.

Valuence Merger Corp. I Company Profile

Valuence Merger Corp. I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify a business in Asia that is developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology.