Lightwave Acquisition Corp.’s Lock-Up Period Set To End on December 22nd (NASDAQ:LWACU)

Lightwave Acquisition’s (NASDAQ:LWACU) lock-up period will end on Monday, December 22nd. Lightwave Acquisition had issued 18,750,000 shares in its public offering on June 25th. The total size of the offering was $187,500,000 based on an initial share price of $10.00. After the end of Lightwave Acquisition’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Lightwave Acquisition Stock Down 0.4%

Shares of NASDAQ LWACU opened at $10.20 on Friday. Lightwave Acquisition has a 1 year low of $10.00 and a 1 year high of $10.50. The stock has a 50-day moving average price of $10.18.

Hedge Funds Weigh In On Lightwave Acquisition

A number of large investors have recently bought and sold shares of LWACU. BCK Capital Management LP grew its position in Lightwave Acquisition by 31.2% in the 3rd quarter. BCK Capital Management LP now owns 68,875 shares of the company’s stock valued at $692,000 after acquiring an additional 16,375 shares during the last quarter. Gabelli Funds LLC purchased a new stake in shares of Lightwave Acquisition during the second quarter valued at $449,000. Wolverine Asset Management LLC bought a new position in shares of Lightwave Acquisition in the second quarter worth about $503,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Lightwave Acquisition in the second quarter worth about $557,000. Finally, Crossingbridge Advisors LLC purchased a new position in Lightwave Acquisition in the 2nd quarter worth about $754,000.

About Lightwave Acquisition

We are a blank check company incorporated on January 22, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.