Periscope Capital Inc. Trims Stock Holdings in Spark I Acquisition Co. (NASDAQ:SPKL)

Periscope Capital Inc. lowered its holdings in shares of Spark I Acquisition Co. (NASDAQ:SPKL) by 14.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 300,000 shares of the company’s stock after selling 50,000 shares during the quarter. Spark I Acquisition comprises 1.9% of Periscope Capital Inc.’s portfolio, making the stock its 16th biggest holding. Periscope Capital Inc.’s holdings in Spark I Acquisition were worth $3,192,000 as of its most recent SEC filing.

Separately, Wolverine Asset Management LLC grew its holdings in shares of Spark I Acquisition by 19.5% in the fourth quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company’s stock worth $5,063,000 after purchasing an additional 77,581 shares during the last quarter. Hedge funds and other institutional investors own 34.90% of the company’s stock.

Spark I Acquisition Stock Down 0.1 %

SPKL stock opened at $10.76 on Monday. Spark I Acquisition Co. has a 12 month low of $10.26 and a 12 month high of $11.95. The firm’s 50-day moving average is $10.70 and its 200 day moving average is $10.60.

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.