Launch One Acquisition Corp. $LPAA Shares Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC lifted its holdings in Launch One Acquisition Corp. (NASDAQ:LPAA) by 45.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,016,497 shares of the company’s stock after purchasing an additional 317,318 shares during the quarter. Wolverine Asset Management LLC’s holdings in Launch One Acquisition were worth $10,765,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LPAA. Berkley W R Corp boosted its position in shares of Launch One Acquisition by 188.6% in the 3rd quarter. Berkley W R Corp now owns 912,609 shares of the company’s stock worth $9,582,000 after purchasing an additional 596,408 shares in the last quarter. TENOR CAPITAL MANAGEMENT Co. L.P. boosted its position in shares of Launch One Acquisition by 87.5% in the 2nd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 750,000 shares of the company’s stock worth $7,811,000 after purchasing an additional 350,000 shares in the last quarter. Shaolin Capital Management LLC acquired a new stake in shares of Launch One Acquisition in the 2nd quarter worth $3,645,000. Quarry LP boosted its position in shares of Launch One Acquisition by 200.0% in the 3rd quarter. Quarry LP now owns 150,000 shares of the company’s stock worth $1,575,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Radcliffe Capital Management L.P. acquired a new stake in shares of Launch One Acquisition in the 3rd quarter worth $587,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Launch One Acquisition in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Launch One Acquisition presently has an average rating of “Sell”.

Launch One Acquisition Stock Performance

Shares of LPAA stock opened at $10.75 on Monday. The business has a fifty day moving average of $10.73 and a 200 day moving average of $10.64. Launch One Acquisition Corp. has a 1 year low of $10.28 and a 1 year high of $10.79.

Launch One Acquisition (NASDAQ:LPAA) last issued its earnings results on Friday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $2.35 million during the quarter.

About Launch One Acquisition

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.