Launch One Acquisition (NASDAQ:LPAA – Get Free Report) announced its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.17 million for the quarter.
Launch One Acquisition Stock Up 0.2%
Shares of NASDAQ:LPAA traded up $0.02 during trading hours on Friday, hitting $10.77. 510 shares of the company’s stock traded hands, compared to its average volume of 18,026. The business has a fifty day moving average price of $10.75 and a 200-day moving average price of $10.65. Launch One Acquisition has a 1 year low of $10.31 and a 1 year high of $10.79.
Institutional Trading of Launch One Acquisition
Institutional investors and hedge funds have recently modified their holdings of the stock. Longfellow Investment Management Co. LLC bought a new stake in shares of Launch One Acquisition during the third quarter valued at approximately $81,000. Clear Street Group Inc. bought a new stake in shares of Launch One Acquisition during the third quarter valued at approximately $114,000. Radcliffe Capital Management L.P. bought a new stake in shares of Launch One Acquisition during the third quarter valued at approximately $587,000. Crossingbridge Advisors LLC bought a new stake in shares of Launch One Acquisition during the fourth quarter valued at approximately $878,000. Finally, Quarry LP raised its stake in shares of Launch One Acquisition by 200.0% during the third quarter. Quarry LP now owns 150,000 shares of the company’s stock valued at $1,575,000 after acquiring an additional 100,000 shares in the last quarter.
Launch One Acquisition Company Profile
Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”
The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.
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