Picton Mahoney Asset Management Makes New $2.54 Million Investment in Spark I Acquisition Co. (NASDAQ:SPKL)

Picton Mahoney Asset Management bought a new position in Spark I Acquisition Co. (NASDAQ:SPKL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 250,000 shares of the company’s stock, valued at approximately $2,536,000. Picton Mahoney Asset Management owned approximately 1.52% of Spark I Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Wealthspring Capital LLC bought a new position in Spark I Acquisition during the 4th quarter valued at $1,014,000. 34.90% of the stock is owned by institutional investors and hedge funds.

Spark I Acquisition Stock Performance

NASDAQ:SPKL remained flat at $10.31 during trading hours on Wednesday. The company’s stock had a trading volume of 23 shares, compared to its average volume of 26,109. The firm’s 50 day moving average price is $10.28. Spark I Acquisition Co. has a fifty-two week low of $10.07 and a fifty-two week high of $11.35.

About Spark I Acquisition

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.