Launch One Acquisition Corp.’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:LPAAU)

Launch One Acquisition’s (NASDAQ:LPAAU) lock-up period will end on Wednesday, January 8th. Launch One Acquisition had issued 20,000,000 shares in its IPO on July 12th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Launch One Acquisition Price Performance

Launch One Acquisition stock opened at $10.09 on Tuesday. Launch One Acquisition has a one year low of $9.95 and a one year high of $10.14. The firm has a fifty day simple moving average of $10.06.

Institutional Investors Weigh In On Launch One Acquisition

Institutional investors and hedge funds have recently modified their holdings of the company. Rivernorth Capital Management LLC acquired a new position in Launch One Acquisition during the third quarter worth about $4,606,000. Tidal Investments LLC acquired a new position in shares of Launch One Acquisition during the 3rd quarter worth approximately $250,000. Whitebox Advisors LLC purchased a new stake in Launch One Acquisition in the 3rd quarter valued at approximately $2,500,000. Polar Asset Management Partners Inc. acquired a new stake in Launch One Acquisition during the 3rd quarter valued at $1,500,000. Finally, Walleye Trading LLC purchased a new position in Launch One Acquisition during the third quarter worth $587,000.

Launch One Acquisition Company Profile

We are a blank check company incorporated on February 21, 2024 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.