Launch One Acquisition (NASDAQ:LPAAU) Trading Up 0.3% – Here’s What Happened

Launch One Acquisition Corp. (NASDAQ:LPAAU) rose 0.3% during trading on Friday . The stock traded as high as $10.66 and last traded at $10.66. Approximately 400 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 3,524 shares. The stock had previously closed at $10.63.

Launch One Acquisition Trading Up 0.3%

The company’s fifty day simple moving average is $10.71 and its 200-day simple moving average is $10.75.

Institutional Investors Weigh In On Launch One Acquisition

An institutional investor recently raised its position in Launch One Acquisition stock. Clear Street LLC raised its stake in Launch One Acquisition Corp. (NASDAQ:LPAAU) by 517.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,319 shares of the company’s stock after purchasing an additional 12,001 shares during the period. Clear Street LLC’s holdings in Launch One Acquisition were worth $151,000 as of its most recent SEC filing.

Launch One Acquisition Company Profile

LaunchOne Acquisition (NASDAQ:LPAAU) is a special purpose acquisition company incorporated in Delaware in 2022. As a blank-check vehicle, it raises capital through an initial public offering of units, each consisting of one Class A ordinary share and a fraction of a warrant, with the objective of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other business combination with one or more businesses.

The company’s management team brings experience in private equity, growth investing and capital markets.