MMCAP International Inc. SPC acquired a new stake in shares of Ocean Biomedical, Inc. ( NASDAQ:OCEAW – Free Report ) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 200,000 shares of the company's stock, valued at approximately $56,000. Separately, Context Capital Management LLC bought a new position in Ocean Biomedical during the first quarter valued at approximately $31,000. OCEAW traded up $0.03 during midday trading on Friday, hitting $0.20. 758 shares of the company's stock traded hands, compared to its average volume of 68,127.

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