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

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 Lake Superior Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

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

Lake Superior Acquisition Stock Performance

LKSPU opened at $10.24 on Wednesday. The stock has a 50 day simple moving average of $10.19. Lake Superior Acquisition has a 1-year low of $10.00 and a 1-year high of $10.36.

Institutional Trading of Lake Superior Acquisition

Several hedge funds have recently bought and sold shares of the stock. Lineage Point Capital LP bought a new position in shares of Lake Superior Acquisition in the fourth quarter worth about $102,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Lake Superior Acquisition during the 4th quarter valued at approximately $110,000. Stoic Point Capital Management LLC bought a new position in shares of Lake Superior Acquisition during the 4th quarter valued at approximately $161,000. Quarry LP purchased a new stake in Lake Superior Acquisition in the 4th quarter worth approximately $331,000. Finally, Clear Street Group Inc. purchased a new stake in Lake Superior Acquisition in the 4th quarter worth approximately $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.