UBS Group AG Boosts Stake in Mountain Lake Acquisition Corp. $MLAC

UBS Group AG lifted its stake in Mountain Lake Acquisition Corp. (NASDAQ:MLAC) by 1,523.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,288 shares of the company’s stock after purchasing an additional 196,398 shares during the period. UBS Group AG’s holdings in Mountain Lake Acquisition were worth $2,177,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MLAC. Clear Street Group Inc. purchased a new stake in shares of Mountain Lake Acquisition in the 3rd quarter worth $40,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Mountain Lake Acquisition in the 2nd quarter worth $994,000. Moore Capital Management LP purchased a new stake in shares of Mountain Lake Acquisition in the 2nd quarter worth $2,052,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Mountain Lake Acquisition in the 1st quarter worth $4,483,000.

Mountain Lake Acquisition Stock Performance

NASDAQ:MLAC opened at $10.61 on Thursday. Mountain Lake Acquisition Corp. has a one year low of $10.15 and a one year high of $10.69. The business has a fifty day moving average price of $10.57 and a 200-day moving average price of $10.48.

Mountain Lake Acquisition (NASDAQ:MLAC) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.06 EPS for the quarter.

About Mountain Lake Acquisition

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. The company was formerly known as Bilbao Street Limited and changed its name to Malacca Straits Acquisition Company Limited in February 2020. Malacca Straits Acquisition Company Limited was incorporated in 2019 and is based in Central, Hong Kong.