Picton Mahoney Asset Management purchased a new stake in Spark I Acquisition Co. (NASDAQ:SPKL – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 250,000 shares of the company’s stock, valued at approximately $2,536,000.
Separately, Schechter Investment Advisors LLC acquired a new position in Spark I Acquisition in the 4th quarter valued at about $2,313,000. Hedge funds and other institutional investors own 34.90% of the company’s stock.
Spark I Acquisition Price Performance
SPKL stock remained flat at $10.31 during trading on Wednesday. The company had a trading volume of 23 shares, compared to its average volume of 26,109. Spark I Acquisition Co. has a 1 year low of $10.07 and a 1 year high of $11.35. The firm’s fifty day moving average price is $10.28.
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.
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