Lake Superior Acquisition Corp’s Lock-Up Period Set To Expire on April 6th (NASDAQ:LKSPU)

Lake Superior Acquisition’s (NASDAQ:LKSPU) lock-up period is set to end on Monday, April 6th. Lake Superior Acquisition had issued 10,000,000 shares in its public offering on October 7th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on Lake Superior Acquisition in a report on Wednesday, December 31st. They set a “sell (e-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lake Superior Acquisition has an average rating of “Sell”.

Lake Superior Acquisition Stock Performance

Lake Superior Acquisition stock opened at $10.12 on Monday. Lake Superior Acquisition has a 52 week low of $10.00 and a 52 week high of $10.36. The stock has a 50-day simple moving average of $10.19.

Institutional Trading of Lake Superior Acquisition

Large investors have recently modified their holdings of the business. Lineage Point Capital LP acquired a new position in shares of Lake Superior Acquisition during the 4th quarter worth approximately $102,000. Schonfeld Strategic Advisors LLC purchased a new stake in Lake Superior Acquisition in the 4th quarter valued at approximately $110,000. Stoic Point Capital Management LLC acquired a new stake in Lake Superior Acquisition during the 4th quarter valued at $161,000. Quarry LP purchased a new position in Lake Superior Acquisition during the fourth quarter worth $331,000. Finally, Clear Street Group Inc. purchased a new position in Lake Superior Acquisition during the fourth quarter worth $797,000.

About Lake Superior Acquisition

We are a blank check company, incorporated as a British Virgin Islands business company whose business purpose is to effect a merger, 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. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.