Sona Asset Management US LLC bought a new stake in shares of Launch Two Acquisition Corp. (NASDAQ:LPBB – Free Report) during the 1st quarter, HoldingsChannel.com reports. The firm bought 100,000 shares of the company’s stock, valued at approximately $1,062,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Meteora Capital LLC raised its position in Launch Two Acquisition by 16.3% in the fourth quarter. Meteora Capital LLC now owns 1,597,699 shares of the company’s stock worth $16,744,000 after purchasing an additional 223,732 shares in the last quarter. Berkley W R Corp boosted its holdings in Launch Two Acquisition by 33.4% during the first quarter. Berkley W R Corp now owns 816,717 shares of the company’s stock valued at $8,674,000 after purchasing an additional 204,545 shares in the last quarter. Glazer Capital LLC grew its stake in shares of Launch Two Acquisition by 3.8% in the 4th quarter. Glazer Capital LLC now owns 721,573 shares of the company’s stock valued at $7,562,000 after purchasing an additional 26,117 shares during the period. Verition Fund Management LLC raised its holdings in shares of Launch Two Acquisition by 45.0% in the 4th quarter. Verition Fund Management LLC now owns 406,170 shares of the company’s stock worth $4,265,000 after buying an additional 126,082 shares in the last quarter. Finally, Radcliffe Capital Management L.P. lifted its position in shares of Launch Two Acquisition by 100.1% during the 4th quarter. Radcliffe Capital Management L.P. now owns 403,258 shares of the company’s stock worth $4,230,000 after buying an additional 201,772 shares during the period.
Launch Two Acquisition Price Performance
NASDAQ LPBB opened at $10.75 on Monday. Launch Two Acquisition Corp. has a 1-year low of $10.38 and a 1-year high of $10.76. The business’s 50 day moving average price is $10.71.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Launch Two Acquisition in a research report on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on LPBB
Launch Two Acquisition Company Profile
We are a blank check company incorporated on May 13, 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. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
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