Aristeia Capital L.L.C. Invests $4.17 Million in Lake Superior Acquisition Corp $LKSP

Aristeia Capital L.L.C. acquired a new position in Lake Superior Acquisition Corp (NASDAQ:LKSP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 420,000 shares of the company’s stock, valued at approximately $4,166,000. Aristeia Capital L.L.C. owned 3.54% of Lake Superior Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Arbitrage LLC bought a new position in Lake Superior Acquisition during the fourth quarter valued at about $5,414,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Lake Superior Acquisition in the 4th quarter worth approximately $4,970,000. Hudson Bay Capital Management LP acquired a new position in shares of Lake Superior Acquisition in the 4th quarter worth approximately $4,175,000. Polar Asset Management Partners Inc. bought a new position in Lake Superior Acquisition in the 4th quarter valued at $4,171,000. Finally, Clear Street Group Inc. bought a new position in Lake Superior Acquisition in the 4th quarter valued at $2,976,000.

Lake Superior Acquisition Stock Performance

NASDAQ:LKSP opened at $10.14 on Thursday. The firm has a 50-day moving average of $10.10. Lake Superior Acquisition Corp has a 52-week low of $9.89 and a 52-week high of $10.15.

Lake Superior Acquisition (NASDAQ:LKSP) last released its earnings results on Wednesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised Lake Superior Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

About Lake Superior Acquisition

Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify, acquire or merge with one or more businesses. As a blank‑check vehicle, its principal purpose is to raise capital in the public markets and use those proceeds, typically held in trust, to complete a business combination that delivers an operating company to public investors.

The company’s primary activities center on sourcing, negotiating and consummating an initial business combination.