Radcliffe Capital Management L.P. Takes Position in Lake Superior Acquisition Corp $LKSP

Radcliffe Capital Management L.P. purchased a new position in shares of Lake Superior Acquisition Corp (NASDAQ:LKSP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 210,000 shares of the company’s stock, valued at approximately $2,083,000. Radcliffe Capital Management L.P. owned approximately 1.77% of Lake Superior Acquisition as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Context Capital Management LLC bought a new position in Lake Superior Acquisition in the fourth quarter valued at about $1,736,000. Clear Street Group Inc. acquired a new position in Lake Superior Acquisition during the fourth quarter worth about $2,976,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Lake Superior Acquisition in the fourth quarter worth about $4,970,000. Hudson Bay Capital Management LP acquired a new stake in shares of Lake Superior Acquisition in the 4th quarter valued at approximately $4,175,000. Finally, Westchester Capital Management LLC acquired a new stake in shares of Lake Superior Acquisition in the 4th quarter valued at approximately $1,988,000.

Lake Superior Acquisition Stock Up 0.0%

Shares of NASDAQ LKSP opened at $10.14 on Wednesday. The company has a 50 day simple moving average of $10.10. Lake Superior Acquisition Corp has a 52-week low of $9.89 and a 52-week high of $10.14.

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

Analyst Ratings Changes

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

Lake Superior Acquisition Profile

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.