Lake Superior Acquisition Corp’s Lock-Up Period Will End Tomorrow (NASDAQ:LKSPU)

Lake Superior Acquisition’s (NASDAQ:LKSPU) lock-up period is set to expire on Monday, April 6th. Lake Superior Acquisition had issued 10,000,000 shares in its public offering on October 7th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Lake Superior Acquisition in a research report on Wednesday, December 31st. They set a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lake Superior Acquisition presently has an average rating of “Sell”.

Lake Superior Acquisition Stock Down 0.0%

NASDAQ:LKSPU opened at $10.12 on Friday. Lake Superior Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $10.36. The business’s fifty day moving average is $10.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Magnetar Financial LLC acquired a new stake in shares of Lake Superior Acquisition during the 4th quarter valued at approximately $5,039,000. Rivernorth Capital Management LLC acquired a new stake in shares of Lake Superior Acquisition in the 4th quarter worth approximately $3,036,000. Westchester Capital Management LLC acquired a new stake in shares of Lake Superior Acquisition in the 4th quarter worth approximately $2,581,000. Toronto Dominion Bank purchased a new position in Lake Superior Acquisition in the 4th quarter valued at approximately $1,028,000. Finally, Clear Street Group Inc. purchased a new position in Lake Superior Acquisition in the 4th quarter valued at approximately $797,000.

About Lake Superior Acquisition

We are a blank check company, incorporated as a British Virgin Islands business company whose business purpose is to effect a merger, 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. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.