Clear Street Group Inc. Sells 288,100 Shares of Lightwave Acquisition Corp. $LWACU

Clear Street Group Inc. reduced its position in Lightwave Acquisition Corp. (NASDAQ:LWACU) by 96.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,566 shares of the company’s stock after selling 288,100 shares during the quarter. Clear Street Group Inc.’s holdings in Lightwave Acquisition were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of LWACU. Gabelli Funds LLC bought a new position in shares of Lightwave Acquisition in the second quarter worth approximately $449,000. BCK Capital Management LP boosted its position in shares of Lightwave Acquisition by 31.2% in the third quarter. BCK Capital Management LP now owns 68,875 shares of the company’s stock worth $692,000 after purchasing an additional 16,375 shares during the period. Boothbay Fund Management LLC bought a new position in shares of Lightwave Acquisition in the second quarter worth approximately $875,000. JPMorgan Chase & Co. bought a new position in shares of Lightwave Acquisition in the second quarter worth approximately $1,004,000. Finally, Whitebox Advisors LLC bought a new position in shares of Lightwave Acquisition in the second quarter worth approximately $1,258,000.

Lightwave Acquisition Stock Performance

LWACU opened at $10.30 on Tuesday. Lightwave Acquisition Corp. has a 1-year low of $10.00 and a 1-year high of $10.50. The company has a 50 day simple moving average of $10.31 and a two-hundred day simple moving average of $10.24.

About Lightwave Acquisition

Lightwave Acquisition Corp (NASDAQ: LWACU) is a special purpose acquisition company incorporated in Delaware in March 2021. Formed as a blank check company, its primary purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company’s management team brings experience from the technology, telecommunications and financial services sectors.

In May 2021, Lightwave Acquisition completed its initial public offering on the Nasdaq Capital Market, raising gross proceeds that have been placed in a trust account pending deployment into a qualified business combination.