Rivernorth Capital Management LLC Takes Position in Launch One Acquisition Corp. (NASDAQ:LPAAU)

Rivernorth Capital Management LLC bought a new stake in Launch One Acquisition Corp. (NASDAQ:LPAAU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 367,144 shares of the company’s stock, valued at approximately $3,671,000.

A number of other hedge funds have also made changes to their positions in LPAAU. Periscope Capital Inc. purchased a new position in shares of Launch One Acquisition in the 3rd quarter valued at $2,605,000. Polar Asset Management Partners Inc. purchased a new position in shares of Launch One Acquisition in the 3rd quarter valued at $1,500,000. Walleye Capital LLC purchased a new position in shares of Launch One Acquisition in the 3rd quarter valued at $1,043,000. Wolverine Asset Management LLC purchased a new position in shares of Launch One Acquisition in the 3rd quarter valued at $1,000,000. Finally, ATW Spac Management LLC purchased a new position in shares of Launch One Acquisition in the 3rd quarter valued at $747,000.

Launch One Acquisition Stock Performance

Shares of LPAAU stock opened at $10.06 on Thursday. The company has a fifty day simple moving average of $10.02. Launch One Acquisition Corp. has a 52 week low of $9.95 and a 52 week high of $10.07.

Launch One Acquisition Profile

We are a blank check company incorporated on February 21, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, 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.