Highbridge Capital Management LLC Invests $2.77 Million in Translational Development Acquisition Corp. (NASDAQ:TDACU)

Highbridge Capital Management LLC purchased a new stake in Translational Development Acquisition Corp. (NASDAQ:TDACU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 150,000 shares of the company’s stock, valued at approximately $2,766,000.

Other institutional investors have also made changes to their positions in the company. Tuttle Capital Management LLC acquired a new stake in Translational Development Acquisition in the 4th quarter valued at about $461,000. Calamos Advisors LLC bought a new stake in shares of Translational Development Acquisition during the fourth quarter valued at approximately $6,915,000. Wolverine Asset Management LLC acquired a new stake in shares of Translational Development Acquisition in the fourth quarter valued at approximately $5,716,000. MMCAP International Inc. SPC bought a new position in Translational Development Acquisition in the 4th quarter worth approximately $6,454,000. Finally, Wealthspring Capital LLC acquired a new position in Translational Development Acquisition during the 4th quarter worth $1,095,000.

Translational Development Acquisition Stock Performance

Shares of TDACU opened at $10.19 on Friday. The company has a fifty day moving average price of $10.10. Translational Development Acquisition Corp. has a 52 week low of $10.00 and a 52 week high of $10.30.

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.