Berkley W R Corp Has $9.58 Million Stake in Launch One Acquisition Corp. $LPAA

Berkley W R Corp raised its stake in shares of Launch One Acquisition Corp. (NASDAQ:LPAA) by 188.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 912,609 shares of the company’s stock after purchasing an additional 596,408 shares during the quarter. Launch One Acquisition comprises about 0.6% of Berkley W R Corp’s investment portfolio, making the stock its 23rd largest position. Berkley W R Corp’s holdings in Launch One Acquisition were worth $9,582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Magnetar Financial LLC acquired a new stake in shares of Launch One Acquisition in the 2nd quarter valued at approximately $20,308,000. Meteora Capital LLC boosted its stake in Launch One Acquisition by 793.5% during the 2nd quarter. Meteora Capital LLC now owns 1,000,243 shares of the company’s stock worth $10,418,000 after acquiring an additional 888,298 shares during the last quarter. Alberta Investment Management Corp acquired a new position in Launch One Acquisition during the second quarter valued at approximately $7,811,000. TENOR CAPITAL MANAGEMENT Co. L.P. grew its holdings in Launch One Acquisition by 87.5% during the second quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 750,000 shares of the company’s stock valued at $7,811,000 after purchasing an additional 350,000 shares during the period. Finally, Shaolin Capital Management LLC bought a new stake in Launch One Acquisition in the second quarter valued at approximately $3,645,000.

Launch One Acquisition Stock Performance

Shares of Launch One Acquisition stock opened at $10.71 on Friday. Launch One Acquisition Corp. has a 1 year low of $10.17 and a 1 year high of $10.74. The business has a 50-day moving average of $10.66 and a two-hundred day moving average of $10.57.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Launch One Acquisition in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Launch One Acquisition presently has an average rating of “Sell”.

Launch One Acquisition Company Profile

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.