Radcliffe Capital Management L.P. bought a new stake in shares of Starry Sea Acquisition Corp (NASDAQ:SSEAU – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 128,372 shares of the company’s stock, valued at approximately $1,302,000.
Several other hedge funds and other institutional investors have also made changes to their positions in SSEAU. Harraden Circle Investments LLC acquired a new stake in shares of Starry Sea Acquisition in the third quarter worth approximately $5,154,000. Highbridge Capital Management LLC acquired a new position in Starry Sea Acquisition in the 3rd quarter valued at $4,115,000. Wolverine Asset Management LLC acquired a new position in Starry Sea Acquisition in the 3rd quarter valued at $2,998,000. ATW Spac Management LLC purchased a new position in Starry Sea Acquisition in the 3rd quarter valued at $1,521,000. Finally, JPMorgan Chase & Co. purchased a new position in Starry Sea Acquisition in the 3rd quarter valued at $243,000.
Starry Sea Acquisition Stock Down 0.7%
Shares of SSEAU opened at $10.25 on Friday. Starry Sea Acquisition Corp has a 52-week low of $10.03 and a 52-week high of $11.11. The firm’s fifty day moving average is $10.21 and its two-hundred day moving average is $10.18.
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.
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