D. E. Shaw & Co. Inc. Purchases New Shares in Translational Development Acquisition Corp. (NASDAQ:TDACU)

D. E. Shaw & Co. Inc. purchased a new stake in shares of Translational Development Acquisition Corp. (NASDAQ:TDACU) during the 4th quarter, Holdings Channel reports. The fund purchased 350,000 shares of the company’s stock, valued at approximately $6,454,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallax Volatility Advisers L.P. purchased a new position in Translational Development Acquisition during the 4th quarter valued at about $929,000. Wealthspring Capital LLC purchased a new position in Translational Development Acquisition during the 4th quarter valued at about $1,095,000. Yakira Capital Management Inc. purchased a new position in Translational Development Acquisition during the 4th quarter valued at about $1,106,000. Warberg Asset Management LLC purchased a new position in Translational Development Acquisition during the 4th quarter valued at about $1,373,000. Finally, Centiva Capital LP purchased a new position in Translational Development Acquisition during the 4th quarter valued at about $1,844,000.

Translational Development Acquisition Trading Down 0.2%

NASDAQ TDACU opened at $10.25 on Friday. The firm’s 50-day simple moving average is $10.19. Translational Development Acquisition Corp. has a one year low of $10.00 and a one year high of $10.30.

About Translational Development Acquisition

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.