Wolverine Asset Management LLC Grows Stock Position in Generation Asia I Acquisition Limited (NYSE:GAQ)

Wolverine Asset Management LLC lifted its stake in shares of Generation Asia I Acquisition Limited (NYSE:GAQ) by 31.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 508,590 shares of the company’s stock after purchasing an additional 121,908 shares during the quarter. Wolverine Asset Management LLC’s holdings in Generation Asia I Acquisition were worth $5,528,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Spartan Fund Management Inc. purchased a new stake in shares of Generation Asia I Acquisition during the third quarter worth approximately $89,000. BCK Capital Management LP purchased a new position in Generation Asia I Acquisition in the third quarter worth $499,000. Finally, Meteora Capital LLC purchased a new position in Generation Asia I Acquisition in the third quarter worth $2,922,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

Generation Asia I Acquisition Trading Up 0.1 %

NYSE:GAQ traded up $0.01 during trading hours on Tuesday, hitting $11.07. The company’s stock had a trading volume of 25,868 shares, compared to its average volume of 52,090. The business’s 50-day moving average is $11.03 and its two-hundred day moving average is $10.93. Generation Asia I Acquisition Limited has a 52-week low of $10.39 and a 52-week high of $11.20.

About Generation Asia I Acquisition

Generation Asia I Acquisition Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.