Highbridge Capital Management LLC Acquires New Holdings in Starry Sea Acquisition Corp $SSEAU

Highbridge Capital Management LLC purchased a new stake in shares of Starry Sea Acquisition Corp (NASDAQ:SSEAU) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 405,851 shares of the company’s stock, valued at approximately $4,115,000.

Separately, JPMorgan Chase & Co. purchased a new stake in shares of Starry Sea Acquisition in the 3rd quarter valued at about $243,000.

Starry Sea Acquisition Stock Down 0.7%

Shares of NASDAQ SSEAU opened at $10.15 on Friday. Starry Sea Acquisition Corp has a 12 month low of $10.03 and a 12 month high of $11.11. The stock’s 50-day simple moving average is $10.21.

Starry Sea Acquisition Profile

Starry Sea Acquisition Corp. (NASDAQ: SSEAU) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a business combination with one or more operating businesses. As a blank‑check vehicle, the company’s principal activity is to identify, evaluate and negotiate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other business combination that would result in a change of the company’s purpose.

Like other SPACs, funds raised by Starry Sea Acquisition are typically held in a trust account while the management team pursues potential targets.