Gritstone Asset Management LLC Has $665,000 Position in Launch One Acquisition Corp. $LPAA

Key Points

• Gritstone Asset Management LLC reduced its position by 61.4% in Launch One Acquisition during Q4, selling 100,000 shares and finishing the quarter with 62,831 shares worth $665,000 (about 0.22% ownership).
• Other institutional activity included Quarry LP increasing its stake to 150,000 shares (~$1.575M) and Shaolin Capital initiating a large $3.645M position, while several firms opened smaller stakes.
• LPAA traded around $10.72 (1‑year range $10.21–$10.74); the company reported $0.07 EPS and $2.35M revenue for the quarter, and analysts have a MarketBeat consensus "Sell" rating.

Gritstone Asset Management LLC reduced its position in shares of Launch One Acquisition Corp. (NASDAQ:LPAA - Free Report) by 61.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,831 shares of the company's stock after selling 100,000 shares during the quarter. Gritstone Asset Management LLC owned 0.22% of Launch One Acquisition worth $665,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC acquired a new stake in Launch One Acquisition during the 3rd quarter valued at $81,000. Clear Street Group Inc. acquired a new stake in Launch One Acquisition during the 3rd quarter valued at $114,000. Radcliffe Capital Management L.P. acquired a new stake in Launch One Acquisition during the 3rd quarter valued at $587,000. Quarry LP raised its stake in Launch One Acquisition by 200.0% during the 3rd quarter. Quarry LP now owns 150,000 shares of the company's stock valued at $1,575,000 after purchasing an additional 100,000 shares during the period. Finally, Shaolin Capital Management LLC acquired a new stake in Launch One Acquisition during the 2nd quarter valued at $3,645,000.

Launch One Acquisition Stock Down 0.1%

NASDAQ LPAA opened at $10.72 on Wednesday. Launch One Acquisition Corp. has a 1-year low of $10.21 and a 1-year high of $10.74. The firm's fifty day simple moving average is $10.71 and its 200-day simple moving average is $10.62.

Launch One Acquisition (NASDAQ:LPAA - Get Free Report) last posted its quarterly earnings results on Friday, March 27th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $2.35 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Launch One Acquisition in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Launch One Acquisition has a consensus rating of "Sell".

Launch One Acquisition Company Profile

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.

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