Deltec Asset Management LLC Lowers Stock Holdings in Launch One Acquisition Corp. $LPAA

Key Points

• Deltec Asset Management LLC reduced its stake in Launch One Acquisition Corp. by 33.3%, owning 100,000 shares after selling 50,000 shares in the second quarter.
• Launch One Acquisition Corp. currently has a stock price of $10.52, with a 52-week low of $9.96 and a high of $10.70.
• Various institutional investors, including Quarry LP and Wolverine Asset Management LLC, have made recent investments in Launch One Acquisition, indicating ongoing interest in the stock.

Deltec Asset Management LLC lowered its stake in Launch One Acquisition Corp. (NASDAQ:LPAA - Free Report) by 33.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,000 shares of the company's stock after selling 50,000 shares during the period. Deltec Asset Management LLC owned approximately 0.35% of Launch One Acquisition worth $1,042,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Quarry LP bought a new stake in Launch One Acquisition during the 1st quarter valued at approximately $1,532,000. Wolverine Asset Management LLC boosted its position in shares of Launch One Acquisition by 32.3% in the 1st quarter. Wolverine Asset Management LLC now owns 675,755 shares of the company's stock worth $6,899,000 after purchasing an additional 164,864 shares in the last quarter. Finally, Mizuho Securities USA LLC bought a new stake in shares of Launch One Acquisition in the 1st quarter worth approximately $2,791,000.

Launch One Acquisition Price Performance

Shares of LPAA opened at $10.52 on Wednesday. Launch One Acquisition Corp. has a 52 week low of $9.96 and a 52 week high of $10.70. The business's 50 day moving average price is $10.46 and its 200-day moving average price is $10.37.

Launch One Acquisition Profile

Launch One Acquisition Corp. is a blank check company. It 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. Launch One Acquisition Corp. is based in New York.

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