Sustainable Development Acquisition I Corp. (OTCMKTS:SDACU) Shares Bought by Shaolin Capital Management LLC

Shaolin Capital Management LLC raised its stake in Sustainable Development Acquisition I Corp. (OTCMKTS:SDACU) by 715.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 475,185 shares of the company’s stock after purchasing an additional 416,885 shares during the period. Shaolin Capital Management LLC’s holdings in Sustainable Development Acquisition I were worth $4,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management acquired a new position in Sustainable Development Acquisition I in the second quarter valued at $2,035,000. Rockefeller Capital Management L.P. boosted its stake in Sustainable Development Acquisition I by 11.8% in the second quarter. Rockefeller Capital Management L.P. now owns 85,300 shares of the company’s stock valued at $868,000 after acquiring an additional 9,000 shares in the last quarter. Magnetar Financial LLC boosted its stake in Sustainable Development Acquisition I by 1.6% in the second quarter. Magnetar Financial LLC now owns 380,428 shares of the company’s stock valued at $3,873,000 after acquiring an additional 6,025 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Sustainable Development Acquisition I in the second quarter valued at $108,000. Finally, Davidson Kempner Capital Management LP purchased a new stake in shares of Sustainable Development Acquisition I in the first quarter valued at about $2,985,000.

Shares of OTCMKTS:SDACU traded up $0.12 on Thursday, reaching $10.13. The company’s stock had a trading volume of 3,600 shares, compared to its average volume of 69,937. The stock’s 50-day moving average is $10.02 and its two-hundred day moving average is $10.09. Sustainable Development Acquisition I Corp. has a 52-week low of $9.74 and a 52-week high of $11.45.

Sustainable Development Acquisition I Company Profile

Sustainable Development Acquisition I Corp., a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was founded in 2020 and is based in Los Angeles, California.

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Institutional Ownership by Quarter for Sustainable Development Acquisition I (OTCMKTS:SDACU)

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