Launch One Acquisition Corp. (NASDAQ:LPAAU – Get Free Report)’s share price fell 1.7% on Thursday . The stock traded as low as $10.75 and last traded at $10.75. 100 shares were traded during mid-day trading, a decline of 89% from the average session volume of 900 shares. The stock had previously closed at $10.94.
Launch One Acquisition Price Performance
The company’s 50-day simple moving average is $10.84 and its 200 day simple moving average is $10.74.
Hedge Funds Weigh In On Launch One Acquisition
An institutional investor recently raised its position in Launch One Acquisition stock. Clear Street Group Inc. raised its holdings in Launch One Acquisition Corp. (NASDAQ:LPAAU – Free Report) by 95.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,334 shares of the company’s stock after buying an additional 14,331 shares during the period. Clear Street Group Inc.’s holdings in Launch One Acquisition were worth $313,000 as of its most recent SEC filing.
Launch One Acquisition Company Profile
LaunchOne Acquisition (NASDAQ:LPAAU) is a special purpose acquisition company incorporated in Delaware in 2022. As a blank-check vehicle, it raises capital through an initial public offering of units, each consisting of one Class A ordinary share and a fraction of a warrant, with the objective of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other business combination with one or more businesses.
The company’s management team brings experience in private equity, growth investing and capital markets.
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