296,802 Shares in Global Lights Acquisition Corp (NASDAQ:GLAC) Acquired by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC bought a new stake in shares of Global Lights Acquisition Corp (NASDAQ:GLAC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 296,802 shares of the company’s stock, valued at approximately $3,105,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLAC. Dakota Wealth Management purchased a new stake in Global Lights Acquisition during the second quarter valued at $297,000. Cowen AND Company LLC grew its stake in shares of Global Lights Acquisition by 1.0% during the 2nd quarter. Cowen AND Company LLC now owns 503,590 shares of the company’s stock valued at $5,189,000 after purchasing an additional 5,189 shares during the period. Clear Street LLC increased its position in shares of Global Lights Acquisition by 1,402.4% during the 2nd quarter. Clear Street LLC now owns 13,792 shares of the company’s stock valued at $142,000 after purchasing an additional 12,874 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Global Lights Acquisition in the 3rd quarter worth approximately $74,000. Finally, Walleye Capital LLC purchased a new position in shares of Global Lights Acquisition in the third quarter worth approximately $669,000. 83.41% of the stock is owned by institutional investors.

Global Lights Acquisition Stock Performance

Shares of NASDAQ GLAC opened at $10.66 on Friday. Global Lights Acquisition Corp has a 12-month low of $10.06 and a 12-month high of $10.95. The firm has a 50 day moving average of $10.58 and a 200 day moving average of $10.44.

Global Lights Acquisition Profile

Global Lights Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Beijing, the People's Republic of China.