Periscope Capital Inc. Has $2.60 Million Position in Mountain Lake Acquisition Corp. $MLAC

Periscope Capital Inc. lowered its stake in shares of Mountain Lake Acquisition Corp. (NASDAQ:MLAC) by 41.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,000 shares of the company’s stock after selling 174,388 shares during the period. Periscope Capital Inc.’s holdings in Mountain Lake Acquisition were worth $2,600,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MLAC. Clear Street Group Inc. acquired a new stake in shares of Mountain Lake Acquisition during the 3rd quarter valued at $40,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Mountain Lake Acquisition during the 2nd quarter valued at $994,000. Moore Capital Management LP acquired a new stake in shares of Mountain Lake Acquisition during the 2nd quarter valued at $2,052,000. UBS Group AG boosted its stake in shares of Mountain Lake Acquisition by 1,523.6% during the 4th quarter. UBS Group AG now owns 209,288 shares of the company’s stock valued at $2,177,000 after buying an additional 196,398 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Mountain Lake Acquisition during the 1st quarter valued at $4,483,000.

Mountain Lake Acquisition Price Performance

Shares of NASDAQ:MLAC opened at $10.63 on Friday. The firm has a fifty day moving average of $10.57 and a two-hundred day moving average of $10.48. Mountain Lake Acquisition Corp. has a 12-month low of $10.18 and a 12-month high of $10.69.

Mountain Lake Acquisition (NASDAQ:MLAC) last issued its earnings results on Friday, May 15th. The company reported $0.06 earnings per share (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.