Rivernorth Capital Management LLC Takes $2.99 Million Position in Lafayette Acquisition Corp. $LAFA

Posted by Francis Steltz on Jul 29th, 2026

Rivernorth Capital Management LLC acquired a new position in Lafayette Acquisition Corp. (NASDAQ:LAFA – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 300,000 shares of the company’s stock, valued at approximately $2,991,000.

A number of other institutional investors also recently bought and sold shares of LAFA. Schonfeld Strategic Advisors LLC purchased a new position in Lafayette Acquisition in the fourth quarter worth about $248,000. Moore Capital Management LP bought a new position in shares of Lafayette Acquisition in the 4th quarter worth approximately $990,000. Clear Street Group Inc. purchased a new position in shares of Lafayette Acquisition in the fourth quarter worth approximately $1,273,000. Berkley W R Corp bought a new stake in Lafayette Acquisition during the fourth quarter valued at approximately $1,473,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in Lafayette Acquisition during the fourth quarter valued at approximately $1,980,000.

Lafayette Acquisition Price Performance

LAFA opened at $10.11 on Wednesday. The stock has a 50 day moving average price of $10.09. Lafayette Acquisition Corp. has a 1-year low of $9.87 and a 1-year high of $10.20.

Lafayette Acquisition (NASDAQ:LAFA – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Lafayette Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on LAFA

Lafayette Acquisition Profile

(Free Report)

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. As a blank‑check vehicle, its primary business activity is sourcing and completing a business combination that would result in a privately held company becoming publicly traded through the SPAC structure.

The company raises capital from public market investors and typically holds the IPO proceeds in trust while its management and sponsors evaluate potential targets.