Context Capital Management LLC Acquires 100,000 Shares of LightWave Acquisition Corp. $LWAC

Context Capital Management LLC acquired a new stake in LightWave Acquisition Corp. (NASDAQ:LWAC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the company’s stock, valued at approximately $1,038,000. Context Capital Management LLC owned 0.33% of LightWave Acquisition as of its most recent SEC filing.

Separately, Sona Asset Management US LLC acquired a new position in LightWave Acquisition during the first quarter worth approximately $2,031,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded LightWave Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.

LightWave Acquisition Stock Up 0.0%

Shares of NASDAQ LWAC opened at $10.38 on Wednesday. LightWave Acquisition Corp. has a 1-year low of $10.02 and a 1-year high of $10.40. The business has a 50-day moving average of $10.37 and a 200-day moving average of $10.24.

LightWave Acquisition Company Profile

LightWave Acquisition Corporation is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol LWAC. Unlike an operating company, it was formed to raise capital through a public offering and identify a private business with which to complete a merger, acquisition, or similar business combination. The company does not appear to manufacture products or provide ongoing commercial services of its own. Its principal activities are evaluating potential acquisition targets, negotiating a business combination, and completing related regulatory and shareholder-approval processes.