683 Capital Management LLC Purchases Shares of 100,000 Lightwave Acquisition Corp. $LWACU

683 Capital Management LLC bought a new position in Lightwave Acquisition Corp. (NASDAQ:LWACU) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $1,006,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC purchased a new stake in Lightwave Acquisition during the second quarter worth approximately $449,000. Wolverine Asset Management LLC acquired a new position in Lightwave Acquisition during the 2nd quarter worth approximately $503,000. BCK Capital Management LP purchased a new position in Lightwave Acquisition in the 2nd quarter worth approximately $528,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Lightwave Acquisition in the 2nd quarter valued at about $557,000. Finally, Crossingbridge Advisors LLC acquired a new stake in shares of Lightwave Acquisition during the second quarter valued at about $754,000.

Lightwave Acquisition Stock Down 0.4%

Shares of LWACU opened at $10.20 on Friday. The company has a 50-day simple moving average of $10.17. Lightwave Acquisition Corp. has a one year low of $10.00 and a one year high of $10.50.

About Lightwave Acquisition

We are a blank check company incorporated on January 22, 2025 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.