Crossingbridge Advisors LLC Purchases 151,880 Shares of Global Lights Acquisition Corp (NASDAQ:GLAC)

Crossingbridge Advisors LLC increased its holdings in Global Lights Acquisition Corp (NASDAQ:GLAC) by 154.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,000 shares of the company’s stock after acquiring an additional 151,880 shares during the period. Global Lights Acquisition comprises approximately 0.9% of Crossingbridge Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Crossingbridge Advisors LLC owned about 3.08% of Global Lights Acquisition worth $2,665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Mizuho Securities USA LLC bought a new position in Global Lights Acquisition in the 4th quarter valued at $7,271,000. Wolverine Asset Management LLC grew its position in Global Lights Acquisition by 6,880.6% during the fourth quarter. Wolverine Asset Management LLC now owns 493,810 shares of the company’s stock valued at $5,264,000 after buying an additional 486,736 shares during the period. Rivernorth Capital Management LLC purchased a new stake in Global Lights Acquisition during the third quarter worth about $3,105,000. DLD Asset Management LP bought a new stake in Global Lights Acquisition in the fourth quarter worth about $1,599,000. Finally, Gabelli Funds LLC purchased a new position in Global Lights Acquisition in the fourth quarter valued at about $213,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Global Lights Acquisition Stock Performance

Shares of GLAC stock opened at $10.86 on Friday. Global Lights Acquisition Corp has a 12-month low of $10.22 and a 12-month high of $10.95. The company has a 50 day moving average of $10.82 and a 200-day moving average of $10.70.

Global Lights Acquisition Company 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.