Launch One Acquisition Corp.’s (NASDAQ:LPAAU) Lock-Up Period To End on January 8th

Launch One Acquisition’s (NASDAQ:LPAAU) lock-up period is set to expire on Wednesday, January 8th. Launch One Acquisition had issued 20,000,000 shares in its initial public offering on July 12th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of Launch One Acquisition’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Launch One Acquisition Stock Performance

Shares of Launch One Acquisition stock opened at $10.09 on Friday. Launch One Acquisition has a 52 week low of $9.95 and a 52 week high of $10.14. The company has a 50 day moving average of $10.06.

Hedge Funds Weigh In On Launch One Acquisition

Large investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC acquired a new position in shares of Launch One Acquisition in the 3rd quarter valued at $4,606,000. Periscope Capital Inc. acquired a new position in Launch One Acquisition in the third quarter valued at $2,605,000. Whitebox Advisors LLC acquired a new position in Launch One Acquisition in the third quarter valued at $2,500,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Launch One Acquisition during the third quarter worth about $1,500,000. Finally, Walleye Capital LLC purchased a new position in shares of Launch One Acquisition during the third quarter worth about $1,043,000.

Launch One Acquisition Company Profile

We are a blank check company incorporated on February 21, 2024 as a Cayman Islands exempted company and 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, which we refer to throughout this prospectus as our initial business combination.