Launch One Acquisition (NASDAQ:LPAAU) Trading 2% Higher – Here’s Why

Launch One Acquisition Corp. (NASDAQ:LPAAU)’s stock price traded up 2% during mid-day trading on Monday . The stock traded as high as $10.94 and last traded at $10.94. 100 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,100 shares. The stock had previously closed at $10.73.

Launch One Acquisition Stock Performance

The business has a 50-day moving average of $10.72 and a 200 day moving average of $10.71.

Hedge Funds Weigh In On Launch One Acquisition

A hedge fund recently raised its stake in Launch One Acquisition stock. Clear Street LLC lifted its position in shares of Launch One Acquisition Corp. (NASDAQ:LPAAU) by 517.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,319 shares of the company’s stock after buying an additional 12,001 shares during the period. Clear Street LLC’s holdings in Launch One Acquisition were worth $151,000 as of its most recent SEC filing.

About Launch One Acquisition

LaunchOne Acquisition (NASDAQ:LPAAU) is a special purpose acquisition company incorporated in Delaware in 2022. As a blank-check vehicle, it raises capital through an initial public offering of units, each consisting of one Class A ordinary share and a fraction of a warrant, with the objective of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other business combination with one or more businesses.

The company’s management team brings experience in private equity, growth investing and capital markets.