Clear Street Group Inc. Sells 288,100 Shares of Lightwave Acquisition Corp. $LWACU

Clear Street Group Inc. decreased its stake in shares of Lightwave Acquisition Corp. (NASDAQ:LWACU) by 96.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,566 shares of the company’s stock after selling 288,100 shares during the period. Clear Street Group Inc.’s holdings in Lightwave Acquisition were worth $108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LWACU. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of Lightwave Acquisition during the second quarter worth $10,060,000. Moore Capital Management LP purchased a new stake in Lightwave Acquisition during the second quarter valued at $4,522,000. Shaolin Capital Management LLC purchased a new stake in Lightwave Acquisition during the second quarter valued at $4,024,000. Radcliffe Capital Management L.P. purchased a new stake in Lightwave Acquisition during the second quarter valued at $3,870,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Lightwave Acquisition during the second quarter valued at $2,502,000.

Lightwave Acquisition Price Performance

Lightwave Acquisition stock opened at $10.30 on Tuesday. The firm’s fifty day moving average is $10.31 and its 200 day moving average is $10.24. Lightwave Acquisition Corp. has a 52-week low of $10.00 and a 52-week high of $10.50.

About Lightwave Acquisition

Lightwave Acquisition Corp (NASDAQ: LWACU) is a special purpose acquisition company incorporated in Delaware in March 2021. Formed as a blank check company, its primary purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company’s management team brings experience from the technology, telecommunications and financial services sectors.

In May 2021, Lightwave Acquisition completed its initial public offering on the Nasdaq Capital Market, raising gross proceeds that have been placed in a trust account pending deployment into a qualified business combination.