Davidson Kempner Capital Management LP acquired a new position in Valuence Merger Corp. I (NASDAQ:VMCA – Get Rating) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 300,000 shares of the company's stock, valued at approximately $3,000,000. Davidson Kempner Capital Management LP owned 1.17% of Valuence Merger Corp. I as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of VMCA. Starboard Value LP acquired a new position in shares of Valuence Merger Corp. I during the 2nd quarter worth about $5,005,000. PEAK6 Investments LLC acquired a new position in shares of Valuence Merger Corp. I during the 2nd quarter worth about $2,002,000. Nomura Holdings Inc. acquired a new position in shares of Valuence Merger Corp. I during the 2nd quarter worth about $4,906,000. Berkley W R Corp acquired a new position in shares of Valuence Merger Corp. I during the 2nd quarter worth about $1,001,000. Finally, Millennium Management LLC acquired a new position in shares of Valuence Merger Corp. I during the 2nd quarter worth about $3,604,000. Institutional investors and hedge funds own 56.89% of the company's stock.

Valuence Merger Corp. I Stock Performance

VMCA stock remained flat at $10.30 during mid-day trading on Wednesday. 42,400 shares of the company's stock were exchanged, compared to its average volume of 6,838. Valuence Merger Corp. I has a 12 month low of $9.97 and a 12 month high of $10.65. The company's fifty day moving average price is $10.22 and its 200 day moving average price is $10.12.

Valuence Merger Corp. I Company Profile

Valuence Merger Corp. I focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify, acquire, and operate a business in Asia with a focus on opportunities aligned with breakthrough technology in life sciences and sustainability technology themes.

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