Launch One Acquisition Corp. (NASDAQ:LPAAU – Get Free Report) traded up 3% during trading on Monday . The stock traded as high as $11.00 and last traded at $11.06. 1,226 shares changed hands during mid-day trading, an increase of 65% from the average session volume of 741 shares. The stock had previously closed at $10.74.
Launch One Acquisition Stock Down 0.0%
The firm’s fifty day moving average is $10.75 and its two-hundred day moving average is $10.77.
Institutional Trading of Launch One Acquisition
A hedge fund recently raised its stake in Launch One Acquisition stock. Clear Street Group Inc. grew its holdings in shares of Launch One Acquisition Corp. (NASDAQ:LPAAU – Free Report) by 95.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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.
About Launch One Acquisition
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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