L1 Global Manager Pty Ltd purchased a new position in Lakeshore Acquisition III Corp. (NASDAQ:LCCCU – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $1,029,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Lakeshore Acquisition III in the second quarter worth approximately $187,000. Gabelli Funds LLC bought a new position in shares of Lakeshore Acquisition III in the second quarter valued at approximately $878,000. Clear Street Group Inc. bought a new position in shares of Lakeshore Acquisition III in the third quarter valued at approximately $1,140,000. Finally, LMR Partners LLP bought a new position in shares of Lakeshore Acquisition III in the second quarter valued at approximately $1,530,000.
Lakeshore Acquisition III Stock Performance
LCCCU stock opened at $10.90 on Friday. Lakeshore Acquisition III Corp. has a twelve month low of $10.08 and a twelve month high of $15.89. The stock’s 50 day moving average is $10.56 and its 200-day moving average is $10.44.
Lakeshore Acquisition III Company Profile
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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