Launch One Acquisition Corp.’s (NASDAQ:LPAAU) Lock-Up Period To End Tomorrow

Launch One Acquisition’s (NASDAQ:LPAAU) lock-up period is set to end on Wednesday, January 8th. Launch One Acquisition had issued 20,000,000 shares in its 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 end of the company’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 NASDAQ:LPAAU opened at $10.09 on Tuesday. The stock has a 50-day simple moving average of $10.06. Launch One Acquisition has a 12-month low of $9.95 and a 12-month high of $10.14.

Institutional Investors Weigh In On Launch One Acquisition

A number of institutional investors have recently bought and sold shares of LPAAU. 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. purchased a new position in shares of Launch One Acquisition in the 3rd quarter worth $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. purchased a new stake in Launch One Acquisition during the third quarter valued at about $1,500,000. Finally, Walleye Capital LLC acquired a new stake in Launch One Acquisition during the third quarter worth about $1,043,000.

About Launch One Acquisition

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.