Radcliffe Capital Management L.P. acquired a new position in shares of Starry Sea Acquisition Corp (NASDAQ:SSEAU – Free Report) during the third quarter, HoldingsChannel.com reports. The firm acquired 128,372 shares of the company’s stock, valued at approximately $1,302,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Starry Sea Acquisition in the 3rd quarter valued at $243,000. ATW Spac Management LLC acquired a new stake in shares of Starry Sea Acquisition in the 3rd quarter worth $1,521,000. Wolverine Asset Management LLC purchased a new position in shares of Starry Sea Acquisition during the 3rd quarter worth $2,998,000. Highbridge Capital Management LLC purchased a new position in shares of Starry Sea Acquisition during the 3rd quarter worth $4,115,000. Finally, Harraden Circle Investments LLC acquired a new position in shares of Starry Sea Acquisition during the 3rd quarter valued at about $5,154,000.
Starry Sea Acquisition Price Performance
Shares of SSEAU opened at $10.25 on Friday. Starry Sea Acquisition Corp has a 12-month low of $10.03 and a 12-month high of $11.11. The firm has a 50-day moving average price of $10.21 and a 200 day moving average price of $10.18.
Starry Sea Acquisition Profile
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.
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