Lightwave Acquisition Corp.’s Lock-Up Period Will Expire on December 22nd (NASDAQ:LWACU)

Lightwave Acquisition’s (NASDAQ:LWACU) lock-up period will end on Monday, December 22nd. Lightwave Acquisition had issued 18,750,000 shares in its public offering on June 25th. The total size of the offering was $187,500,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Lightwave Acquisition Price Performance

NASDAQ LWACU opened at $10.20 on Monday. Lightwave Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $10.50. The stock has a 50 day simple moving average of $10.17.

Institutional Investors Weigh In On Lightwave Acquisition

A number of institutional investors have recently made changes to their positions in the company. AQR Arbitrage LLC bought a new stake in shares of Lightwave Acquisition during the second quarter valued at approximately $14,070,000. Magnetar Financial LLC purchased a new stake in Lightwave Acquisition during the 2nd quarter valued at $10,279,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Lightwave Acquisition in the 2nd quarter worth $10,060,000. LMR Partners LLP purchased a new position in shares of Lightwave Acquisition in the second quarter worth $9,054,000. Finally, Alberta Investment Management Corp purchased a new position in shares of Lightwave Acquisition in the second quarter worth $7,538,000.

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.