Linden Advisors LP Acquires Shares of 600,000 Translational Development Acquisition Corp. (NASDAQ:TDACU)

Linden Advisors LP acquired a new position in Translational Development Acquisition Corp. (NASDAQ:TDACU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 600,000 shares of the company’s stock, valued at approximately $11,064,000.

Several other institutional investors have also recently made changes to their positions in the business. Tuttle Capital Management LLC purchased a new stake in Translational Development Acquisition in the fourth quarter valued at $461,000. Parallax Volatility Advisers L.P. purchased a new position in Translational Development Acquisition in the fourth quarter valued at $929,000. Wealthspring Capital LLC acquired a new position in shares of Translational Development Acquisition in the fourth quarter worth about $1,095,000. Yakira Capital Management Inc. purchased a new stake in shares of Translational Development Acquisition during the 4th quarter worth about $1,106,000. Finally, Warberg Asset Management LLC acquired a new stake in shares of Translational Development Acquisition during the 4th quarter valued at about $1,373,000.

Translational Development Acquisition Stock Down 0.4%

Shares of Translational Development Acquisition stock opened at $10.26 on Monday. Translational Development Acquisition Corp. has a twelve month low of $10.00 and a twelve month high of $10.30. The company has a 50-day simple moving average of $10.18.

Translational Development Acquisition Profile

Trident Acquisitions Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector.