Launch One Acquisition Corp. $LPAA Holdings Raised by Wealthspring Capital LLC

Wealthspring Capital LLC grew its position in Launch One Acquisition Corp. (NASDAQ:LPAA) by 552.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 724,490 shares of the company’s stock after acquiring an additional 613,460 shares during the quarter. Launch One Acquisition makes up approximately 2.0% of Wealthspring Capital LLC’s holdings, making the stock its 15th largest position. Wealthspring Capital LLC owned 2.52% of Launch One Acquisition worth $7,546,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC increased its holdings 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 valued at $6,899,000 after acquiring an additional 164,864 shares during the last quarter. Mizuho Securities USA LLC bought a new stake in shares of Launch One Acquisition in the 1st quarter valued at approximately $2,791,000. Finally, Quarry LP acquired a new stake in shares of Launch One Acquisition during the 1st quarter worth approximately $1,532,000.

Launch One Acquisition Stock Performance

Shares of Launch One Acquisition stock opened at $10.53 on Wednesday. The business’s 50 day simple moving average is $10.50 and its 200-day simple moving average is $10.43. Launch One Acquisition Corp. has a twelve month low of $9.97 and a twelve month high of $10.70.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Launch One Acquisition in a research report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Launch One Acquisition presently has a consensus rating of “Sell”.

Launch One Acquisition Company 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.