Malacca Straits Acquisition Company Limited’s Quiet Period Set To End on January 22nd (OTCMKTS:MLACU)

Malacca Straits Acquisition’s (OTCMKTS:MLACU) quiet period will end on Wednesday, January 22nd. Malacca Straits Acquisition had issued 21,000,000 shares in its initial public offering on December 13th. The total size of the offering was $210,000,000 based on an initial share price of $10.00. During Malacca Straits Acquisition’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Malacca Straits Acquisition Trading Up 0.1 %

Shares of MLACU opened at $10.04 on Friday. The stock has a 50-day simple moving average of $10.30 and a 200-day simple moving average of $10.50. Malacca Straits Acquisition has a 1 year low of $10.00 and a 1 year high of $10.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Malacca Straits Acquisition stock. Tuttle Capital Management LLC acquired a new stake in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,000 shares of the company’s stock, valued at approximately $401,000. Malacca Straits Acquisition makes up 2.4% of Tuttle Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position.

About Malacca Straits 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.