Wealthspring Capital LLC Sells 176,130 Shares of Mountain Lake Acquisition Corp. II $MLAA

Wealthspring Capital LLC decreased its holdings in Mountain Lake Acquisition Corp. II (NASDAQ:MLAA) by 34.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 328,590 shares of the company’s stock after selling 176,130 shares during the period. Wealthspring Capital LLC’s holdings in Mountain Lake Acquisition Corp. II were worth $3,289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MLAA. Lineage Point Capital LP purchased a new stake in shares of Mountain Lake Acquisition Corp. II during the second quarter valued at $2,922,000. Readystate Asset Management LP bought a new position in shares of Mountain Lake Acquisition Corp. II in the second quarter worth about $1,241,000. Finally, Citadel Advisors LLC bought a new position in shares of Mountain Lake Acquisition Corp. II in the second quarter worth about $159,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Mountain Lake Acquisition Corp. II from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Mountain Lake Acquisition Corp. II has an average rating of “Sell”.

Mountain Lake Acquisition Corp. II Stock Up 0.1%

Shares of NASDAQ:MLAA opened at $10.03 on Monday. The firm’s 50 day simple moving average is $10.02 and its 200-day simple moving average is $9.98. Mountain Lake Acquisition Corp. II has a one year low of $9.40 and a one year high of $11.20.

Mountain Lake Acquisition Corp. II Company Profile

Mountain Lake Acquisition Corp. II is a blank check company, also known as a special purpose acquisition company (SPAC). It was formed to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition, or similar transaction, with one or more operating businesses.

The company does not have an established operating business, products, or services of its own. Its activities are focused on raising capital and evaluating potential acquisition targets, with the intended result of taking a privately held company public through a completed business combination.

Publicly available information about Mountain Lake Acquisition Corp.