Clear Street Group Inc. purchased a new stake in Lakeshore Acquisition III Corp. (NASDAQ:LCCCU – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 111,149 shares of the company’s stock, valued at approximately $1,140,000.
A number of other institutional investors have also made changes to their positions in the business. Jane Street Group LLC acquired a new position in Lakeshore Acquisition III during the 2nd quarter valued at $187,000. Clear Street LLC acquired a new stake in Lakeshore Acquisition III in the 2nd quarter worth $472,000. Gabelli Funds LLC acquired a new stake in Lakeshore Acquisition III in the 2nd quarter worth $878,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Lakeshore Acquisition III during the 2nd quarter worth about $1,162,000. Finally, LMR Partners LLP acquired a new position in shares of Lakeshore Acquisition III during the second quarter valued at about $1,530,000.
Lakeshore Acquisition III Trading Down 0.6%
NASDAQ LCCCU opened at $10.34 on Monday. The firm has a 50-day simple moving average of $10.40 and a 200 day simple moving average of $10.35. Lakeshore Acquisition III Corp. has a twelve month low of $10.02 and a twelve month high of $10.75.
Lakeshore Acquisition III Company Profile
Lakeshore Acquisition III is a special purpose acquisition company (SPAC) organized as a blank-check entity under the laws of the State of Delaware. The company was formed with the primary purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It completed its initial public offering on the NASDAQ under the ticker symbol LCCCU and holds its proceeds in trust pending the identification and consummation of an appropriate business combination.
As a SPAC, Lakeshore Acquisition III does not maintain operations of its own or generate revenue from traditional business activities.
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