Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Liberty Media Acquisition Co. (OTCMKTS:LMACU – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 319,999 shares of the company’s stock, valued at approximately $30,445,000.
Liberty Media Acquisition Price Performance
LMACU opened at $10.08 on Monday. Liberty Media Acquisition Co. has a one year low of $9.80 and a one year high of $10.85. The stock’s fifty day moving average is $10.08 and its 200-day moving average is $10.08.
About Liberty Media Acquisition
Liberty Media Acquisition Corporation (OTCMKTS: LMACU) is a special purpose acquisition company (SPAC) sponsored by Liberty Media Corporation. Incorporated in Delaware in early 2021, the firm raised capital through an initial public offering to pursue a business combination with one or more operating companies. As a blank check company, LMACU holds the net proceeds in a trust account pending the identification and completion of a qualifying transaction.
LMACU’s mandate is to seek strategic acquisitions primarily in the technology, media, telecommunications and consumer sectors.
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