Periscope Capital Inc. Sells 50,000 Shares of Spark I Acquisition Co. (NASDAQ:SPKL)

Periscope Capital Inc. decreased its holdings in Spark I Acquisition Co. (NASDAQ:SPKL) by 12.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 350,000 shares of the company’s stock after selling 50,000 shares during the quarter. Spark I Acquisition accounts for about 2.0% of Periscope Capital Inc.’s holdings, making the stock its 11th biggest holding. Periscope Capital Inc.’s holdings in Spark I Acquisition were worth $3,671,000 at the end of the most recent reporting period.

Separately, Wolverine Asset Management LLC purchased a new stake in shares of Spark I Acquisition during the third quarter valued at about $4,177,000. 34.90% of the stock is owned by institutional investors and hedge funds.

Spark I Acquisition Stock Performance

NASDAQ:SPKL opened at $10.56 on Friday. The company’s 50-day simple moving average is $10.53 and its 200-day simple moving average is $10.44. Spark I Acquisition Co. has a fifty-two week low of $10.07 and a fifty-two week high of $11.95.

Spark I Acquisition Profile

Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.