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

Wolverine Asset Management LLC boosted its holdings in shares of Valuence Merger Corp. I (NASDAQ:VMCA) by 67.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 373,515 shares of the company’s stock after buying an additional 150,474 shares during the quarter. Wolverine Asset Management LLC owned approximately 3.19% of Valuence Merger Corp. I worth $4,180,000 at the end of the most recent reporting period.

Separately, Periscope Capital Inc. increased its position in Valuence Merger Corp. I by 47.2% during the third quarter. Periscope Capital Inc. now owns 367,991 shares of the company’s stock worth $4,085,000 after buying an additional 117,991 shares during the last quarter. 52.21% of the stock is owned by hedge funds and other institutional investors.

Valuence Merger Corp. I Price Performance

NASDAQ VMCA remained flat at $11.42 during trading on Wednesday. The company’s stock had a trading volume of 376 shares, compared to its average volume of 41,704. The firm’s fifty day simple moving average is $11.34 and its 200 day simple moving average is $11.22. Valuence Merger Corp. I has a 1 year low of $10.58 and a 1 year high of $11.85.

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

About Valuence Merger Corp. I

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.