Westchester Capital Management LLC Trims Stake in Spark I Acquisition Co. (NASDAQ:SPKL)

Westchester Capital Management LLC lowered its holdings in Spark I Acquisition Co. (NASDAQ:SPKL) by 11.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 427,716 shares of the company’s stock after selling 57,694 shares during the quarter. Westchester Capital Management LLC’s holdings in Spark I Acquisition were worth $4,491,000 at the end of the most recent reporting period.

Separately, Wolverine Asset Management LLC purchased a new stake in Spark I Acquisition in the third quarter valued at approximately $4,177,000. Institutional investors and hedge funds own 34.90% of the company’s stock.

Spark I Acquisition Trading Down 0.2 %

Shares of Spark I Acquisition stock opened at $10.55 on Friday. Spark I Acquisition Co. has a 1 year low of $10.12 and a 1 year high of $11.95. The company has a 50 day simple moving average of $10.53 and a two-hundred day simple moving average of $10.44.

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.