Spring Creek Capital LLC purchased a new stake in Anthemis Digital Acquisitions I Corp (NASDAQ:ADAL – Get Rating) in the 1st quarter, HoldingsChannel reports. The fund purchased 75,000 shares of the company's stock, valued at approximately $746,000.

Several other large investors have also recently added to or reduced their stakes in ADAL. Saba Capital Management L.P. acquired a new stake in shares of Anthemis Digital Acquisitions I during the fourth quarter valued at about $11,854,000. Aristeia Capital LLC bought a new position in shares of Anthemis Digital Acquisitions I during the first quarter worth about $7,960,000. Sculptor Capital LP lifted its position in shares of Anthemis Digital Acquisitions I by 97.6% during the first quarter. Sculptor Capital LP now owns 1,556,866 shares of the company's stock worth $15,491,000 after purchasing an additional 769,132 shares during the last quarter. CSS LLC IL bought a new position in shares of Anthemis Digital Acquisitions I during the fourth quarter worth about $6,948,000. Finally, Beryl Capital Management LLC bought a new position in shares of Anthemis Digital Acquisitions I during the fourth quarter worth about $6,365,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Anthemis Digital Acquisitions I Price Performance

Shares of ADAL stock opened at $10.06 on Wednesday. Anthemis Digital Acquisitions I Corp has a one year low of $6.97 and a one year high of $10.06. The company's 50-day simple moving average is $10.01 and its 200-day simple moving average is $9.97.

About Anthemis Digital Acquisitions I

Anthemis Digital Acquisitions I Corp does not have significant operations. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus its efforts in the areas of digital financial services or modern financial technology.

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