Wolverine Asset Management LLC Purchases 317,318 Shares of Launch One Acquisition Corp. $LPAA

Key Points

• Wolverine Asset Management LLC increased its stake in Launch One Acquisition by 45.4% in Q4, buying 317,318 shares to own 1,016,497 shares (about 3.54% of the company) valued at roughly $10.8 million per its SEC filing.
• Other institutional moves include sizable builds by Berkley W R (up 188.6% to 912,609 shares) and TENOR Capital (up 87.5% to 750,000 shares), while Shaolin Capital, Quarry LP and Radcliffe Capital also added or opened positions.
• LPAA trades around $10.75 (50/200‑day SMAs $10.73/$10.64) after reporting $0.07 EPS and $2.35M revenue, and carries a consensus "Sell" rating with Weiss Ratings reaffirming a "sell (d)".

Wolverine Asset Management LLC increased its position in Launch One Acquisition Corp. (NASDAQ:LPAA - Free Report) by 45.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,016,497 shares of the company's stock after purchasing an additional 317,318 shares during the quarter. Wolverine Asset Management LLC owned approximately 3.54% of Launch One Acquisition worth $10,765,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LPAA. Berkley W R Corp grew its stake in Launch One Acquisition by 188.6% in the third quarter. Berkley W R Corp now owns 912,609 shares of the company's stock worth $9,582,000 after purchasing an additional 596,408 shares in the last quarter. TENOR CAPITAL MANAGEMENT Co. L.P. grew its stake in Launch One Acquisition by 87.5% in the second quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 750,000 shares of the company's stock worth $7,811,000 after purchasing an additional 350,000 shares in the last quarter. Shaolin Capital Management LLC bought a new position in Launch One Acquisition in the second quarter worth approximately $3,645,000. Quarry LP boosted its position 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 acquiring an additional 100,000 shares in the last quarter. Finally, Radcliffe Capital Management L.P. bought a new stake in Launch One Acquisition during the 3rd quarter valued at $587,000.

Launch One Acquisition Price Performance

Shares of NASDAQ LPAA opened at $10.75 on Monday. The stock's fifty day simple moving average is $10.73 and its two-hundred day simple moving average is $10.64. Launch One Acquisition Corp. has a 12-month low of $10.28 and a 12-month high of $10.79.

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

Wall Street Analyst Weigh In

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

About Launch One Acquisition

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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