Highbridge Capital Management LLC Takes $4.12 Million Position in Starry Sea Acquisition Corp $SSEAU

Highbridge Capital Management LLC acquired a new position in shares of Starry Sea Acquisition Corp (NASDAQ:SSEAU) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 405,851 shares of the company’s stock, valued at approximately $4,115,000.

Separately, Wolverine Asset Management LLC purchased a new position in Starry Sea Acquisition during the third quarter valued at approximately $2,998,000.

Starry Sea Acquisition Stock Down 0.7%

Shares of NASDAQ:SSEAU opened at $10.15 on Friday. The business has a 50 day simple moving average of $10.21. Starry Sea Acquisition Corp has a 52 week low of $10.03 and a 52 week high of $11.11.

About Starry Sea Acquisition

Starry Sea Acquisition Corp. (NASDAQ: SSEAU) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a business combination with one or more operating businesses. As a blank‑check vehicle, the company’s principal activity is to identify, evaluate and negotiate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other business combination that would result in a change of the company’s purpose.

Like other SPACs, funds raised by Starry Sea Acquisition are typically held in a trust account while the management team pursues potential targets.