Context Capital Management LLC Purchases Shares of 175,000 Lake Superior Acquisition Corp $LKSP

Context Capital Management LLC purchased a new stake in shares of Lake Superior Acquisition Corp (NASDAQ:LKSP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 175,000 shares of the company’s stock, valued at approximately $1,736,000. Context Capital Management LLC owned about 1.48% of Lake Superior Acquisition at the end of the most recent reporting period.

Separately, Hudson Bay Capital Management LP bought a new position in Lake Superior Acquisition during the fourth quarter valued at approximately $4,175,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Lake Superior Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Lake Superior Acquisition Stock Down 0.0%

NASDAQ:LKSP opened at $10.14 on Friday. Lake Superior Acquisition Corp has a fifty-two week low of $9.89 and a fifty-two week high of $10.14. The company’s 50 day moving average is $10.10.

Lake Superior Acquisition (NASDAQ:LKSP) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.04 earnings per share for the quarter.

Lake Superior Acquisition Profile

Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify, acquire or merge with one or more businesses. As a blank‑check vehicle, its principal purpose is to raise capital in the public markets and use those proceeds, typically held in trust, to complete a business combination that delivers an operating company to public investors.

The company’s primary activities center on sourcing, negotiating and consummating an initial business combination.