DLD Asset Management LP purchased a new position in Lightwave Acquisition Corp. (NASDAQ:LWACU – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 50,000 shares of the company’s stock, valued at approximately $511,000.
Several other institutional investors also recently modified their holdings of the stock. Hudson Bay Capital Management LP acquired a new stake in shares of Lightwave Acquisition during the 2nd quarter valued at $2,502,000. Radcliffe Capital Management L.P. acquired a new position in shares of Lightwave Acquisition in the 2nd quarter worth $3,870,000. Moore Capital Management LP acquired a new stake in shares of Lightwave Acquisition during the second quarter worth $4,522,000. Boothbay Fund Management LLC acquired a new stake in shares of Lightwave Acquisition during the second quarter worth $875,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Lightwave Acquisition during the second quarter worth $10,060,000.
Lightwave Acquisition Price Performance
Shares of NASDAQ LWACU opened at $10.32 on Thursday. Lightwave Acquisition Corp. has a 12 month low of $10.00 and a 12 month high of $10.63. The business has a fifty day simple moving average of $10.38 and a 200-day simple moving average of $10.28.
Lightwave Acquisition Company Profile
Lightwave Acquisition Corp (NASDAQ: LWACU) is a special purpose acquisition company incorporated in Delaware in March 2021. Formed as a blank check company, its primary purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company’s management team brings experience from the technology, telecommunications and financial services sectors.
In May 2021, Lightwave Acquisition completed its initial public offering on the Nasdaq Capital Market, raising gross proceeds that have been placed in a trust account pending deployment into a qualified business combination.
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