Launch One Acquisition Corp.’s Lock-Up Period Set To Expire on January 8th (NASDAQ:LPAAU)

Launch One Acquisition’s (NASDAQ:LPAAU) lock-up period will expire on Wednesday, January 8th. Launch One Acquisition had issued 20,000,000 shares in its IPO on July 12th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Launch One Acquisition Price Performance

Shares of NASDAQ:LPAAU opened at $10.09 on Friday. Launch One Acquisition has a 52-week low of $9.95 and a 52-week high of $10.14. The company has a fifty day moving average of $10.06.

Institutional Trading of Launch One Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in LPAAU. Graham Capital Wealth Management LLC acquired a new position in shares of Launch One Acquisition in the 3rd quarter worth approximately $181,000. Tidal Investments LLC acquired a new position in Launch One Acquisition during the third quarter worth $250,000. Wealthspring Capital LLC purchased a new position in shares of Launch One Acquisition during the third quarter worth $438,000. Walleye Trading LLC acquired a new stake in shares of Launch One Acquisition in the third quarter valued at $587,000. Finally, ATW Spac Management LLC purchased a new stake in shares of Launch One Acquisition in the 3rd quarter valued at $747,000.

About Launch One Acquisition

We are a blank check company incorporated on February 21, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.