Periscope Capital Inc. Cuts Stake in Spark I Acquisition Co. (NASDAQ:SPKL)

Periscope Capital Inc. decreased its stake in shares of Spark I Acquisition Co. (NASDAQ:SPKL) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 300,000 shares of the company’s stock after selling 50,000 shares during the quarter. Spark I Acquisition comprises about 1.9% of Periscope Capital Inc.’s portfolio, making the stock its 16th largest holding. Periscope Capital Inc. owned approximately 1.83% of Spark I Acquisition worth $3,192,000 as of its most recent filing with the SEC.

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 valued at $5,063,000 after purchasing an additional 77,581 shares in the last quarter. 34.90% of the stock is owned by institutional investors and hedge funds.

Spark I Acquisition Trading Down 0.1 %

SPKL stock opened at $10.76 on Monday. Spark I Acquisition Co. has a 52 week low of $10.26 and a 52 week high of $11.95. The company has a fifty day simple moving average of $10.70 and a two-hundred day simple moving average of $10.60.

Spark I Acquisition Company 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.