DLD Asset Management LP acquired a new stake in Lightwave Acquisition Corp. (NASDAQ:LWACU – Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $511,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Gabelli Funds LLC acquired a new stake in shares of Lightwave Acquisition during the 2nd quarter valued at $449,000. Boothbay Fund Management LLC purchased a new position in shares of Lightwave Acquisition during the 2nd quarter valued at $875,000. JPMorgan Chase & Co. acquired a new position in shares of Lightwave Acquisition in the second quarter worth $1,004,000. Whitebox Advisors LLC acquired a new position in shares of Lightwave Acquisition in the second quarter worth $1,258,000. Finally, Soros Fund Management LLC purchased a new stake in shares of Lightwave Acquisition during the second quarter worth $2,012,000.
Lightwave Acquisition Price Performance
LWACU opened at $10.32 on Thursday. Lightwave Acquisition Corp. has a 1 year low of $10.00 and a 1 year high of $10.63. The stock has a fifty day moving average price of $10.38 and a 200 day moving average price of $10.28.
About Lightwave Acquisition
Lightwave Acquisition Corp (NASDAQ: LWACU) is a special purpose acquisition company incorporated in Delaware in March 2021. Formed as a blank check company, its primary purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company’s management team brings experience from the technology, telecommunications and financial services sectors.
In May 2021, Lightwave Acquisition completed its initial public offering on the Nasdaq Capital Market, raising gross proceeds that have been placed in a trust account pending deployment into a qualified business combination.
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