Clear Street Group Inc. bought a new position in Lakeshore Acquisition III Corp. (NASDAQ:LCCCU – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 111,149 shares of the company’s stock, valued at approximately $1,140,000.
A number of other large investors have also bought and sold shares of LCCCU. AQR Arbitrage LLC acquired a new position in Lakeshore Acquisition III in the second quarter worth $3,054,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Lakeshore Acquisition III in the second quarter valued at $1,162,000. Crossingbridge Advisors LLC acquired a new stake in shares of Lakeshore Acquisition III in the second quarter valued at $2,006,000. LMR Partners LLP bought a new position in shares of Lakeshore Acquisition III in the second quarter valued at about $1,530,000. Finally, Gabelli Funds LLC acquired a new position in Lakeshore Acquisition III during the 2nd quarter worth about $878,000.
Lakeshore Acquisition III Trading Down 0.6%
Shares of LCCCU stock opened at $10.34 on Monday. Lakeshore Acquisition III Corp. has a 1 year low of $10.02 and a 1 year high of $10.75. The firm’s 50 day moving average is $10.40 and its 200-day moving average is $10.35.
About Lakeshore Acquisition III
Lakeshore Acquisition III is a special purpose acquisition company (SPAC) organized as a blank-check entity under the laws of the State of Delaware. The company was formed with the primary purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It completed its initial public offering on the NASDAQ under the ticker symbol LCCCU and holds its proceeds in trust pending the identification and consummation of an appropriate business combination.
As a SPAC, Lakeshore Acquisition III does not maintain operations of its own or generate revenue from traditional business activities.
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