Polar Asset Management Partners Inc. Acquires New Holdings in Translational Development Acquisition Corp. (NASDAQ:TDACU)

Polar Asset Management Partners Inc. acquired a new stake in Translational Development Acquisition Corp. (NASDAQ:TDACU) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 800,000 shares of the company’s stock, valued at approximately $14,752,000.

A number of other institutional investors have also made changes to their positions in the stock. AQR Arbitrage LLC bought a new position in shares of Translational Development Acquisition in the 4th quarter valued at approximately $27,383,000. Magnetar Financial LLC bought a new position in Translational Development Acquisition in the 4th quarter worth approximately $23,972,000. LMR Partners LLP bought a new position in Translational Development Acquisition in the 4th quarter worth approximately $14,752,000. K2 Principal Fund L.P. bought a new position in Translational Development Acquisition in the 4th quarter worth approximately $12,447,000. Finally, Hudson Bay Capital Management LP bought a new position in Translational Development Acquisition in the 4th quarter worth approximately $11,986,000.

Translational Development Acquisition Trading Up 0.4%

Shares of NASDAQ TDACU opened at $10.27 on Thursday. The stock has a 50 day simple moving average of $10.19. Translational Development Acquisition Corp. has a 12 month low of $10.00 and a 12 month high of $10.30.

Translational Development Acquisition Company 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.