Wolverine Asset Management LLC Purchases 164,864 Shares of Launch One Acquisition Corp. (NASDAQ:LPAA)

Key Points

• Wolverine Asset Management LLC increased its stake in Launch One Acquisition Corp. by 32.3%, owning 675,755 shares valued at approximately $6.9 million after purchasing an additional 164,864 shares.
• Other significant investors include LMR Partners LLP, which acquired a stake valued at about $19.9 million, and D. E. Shaw & Co. Inc., which boosted its holdings by 181.2% over the last quarter.
• Launch One Acquisition Corp. shares opened at $10.39, reflecting a 0.5% decline and having a 12-month trading range between $9.66 and $10.70.

Wolverine Asset Management LLC increased its position in shares of Launch One Acquisition Corp. (NASDAQ:LPAA - Free Report) by 32.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 675,755 shares of the company's stock after buying an additional 164,864 shares during the period. Wolverine Asset Management LLC owned 2.35% of Launch One Acquisition worth $6,899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LPAA. Boothbay Fund Management LLC purchased a new position in Launch One Acquisition in the fourth quarter valued at about $248,000. Schonfeld Strategic Advisors LLC purchased a new stake in Launch One Acquisition in the 4th quarter worth approximately $1,507,000. Whitebox Advisors LLC purchased a new stake in Launch One Acquisition in the 4th quarter worth approximately $2,512,000. Bulldog Investors LLP bought a new position in shares of Launch One Acquisition in the 4th quarter worth $5,661,000. Finally, Centiva Capital LP bought a new position in shares of Launch One Acquisition in the 4th quarter worth $2,511,000.

Launch One Acquisition Price Performance

Shares of LPAA stock traded up $0.02 on Tuesday, hitting $10.42. 150,579 shares of the company's stock traded hands, compared to its average volume of 54,528. Launch One Acquisition Corp. has a one year low of $9.66 and a one year high of $10.70. The company's fifty day simple moving average is $10.42 and its 200 day simple moving average is $10.29.

About Launch One Acquisition

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.