Sona Asset Management US LLC Takes Position in Lake Superior Acquisition Corp $LKSP

Sona Asset Management US LLC acquired a new position in Lake Superior Acquisition Corp (NASDAQ:LKSP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 88,790 shares of the company’s stock, valued at approximately $892,000. Sona Asset Management US LLC owned about 0.75% of Lake Superior Acquisition as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hudson Bay Capital Management LP purchased a new stake in shares of Lake Superior Acquisition during the 4th quarter valued at approximately $4,175,000. Westchester Capital Management LLC bought a new stake in Lake Superior Acquisition during the 4th quarter valued at $1,988,000. Context Capital Management LLC bought a new stake in Lake Superior Acquisition during the 4th quarter valued at $1,736,000. Clear Street Group Inc. purchased a new stake in shares of Lake Superior Acquisition during the fourth quarter worth $2,976,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Lake Superior Acquisition during the fourth quarter worth $4,970,000.

Lake Superior Acquisition Price Performance

LKSP stock opened at $10.16 on Monday. The company has a 50 day moving average price of $10.14. Lake Superior Acquisition Corp has a 12 month low of $9.89 and a 12 month high of $10.17.

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

Wall Street Analyst Weigh In

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

About Lake Superior Acquisition

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.