Mint Tower Capital Management B.V. Acquires New Shares in LightWave Acquisition Corp. $LWAC

Mint Tower Capital Management B.V. acquired a new stake in LightWave Acquisition Corp. (NASDAQ:LWAC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $2,006,000. Mint Tower Capital Management B.V. owned about 0.66% of LightWave Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new position in LightWave Acquisition in the fourth quarter valued at approximately $351,000. Gabelli Funds LLC acquired a new position in LightWave Acquisition in the third quarter valued at about $444,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in LightWave Acquisition in the third quarter valued at about $551,000. ATW Spac Management LLC acquired a new position in LightWave Acquisition in the third quarter valued at about $866,000. Finally, Boothbay Fund Management LLC acquired a new position in LightWave Acquisition in the third quarter valued at about $866,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

LightWave Acquisition Stock Performance

NASDAQ:LWAC opened at $10.20 on Friday. The stock’s fifty day moving average is $10.19 and its two-hundred day moving average is $10.12. LightWave Acquisition Corp. has a 52 week low of $9.81 and a 52 week high of $10.21.

LightWave Acquisition (NASDAQ:LWAC) last released its quarterly earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter.

LightWave Acquisition Profile

Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.