LightWave Acquisition Corp. Listed on Nasdaq Amid Institutional Buying
1 report, 1 independent
Updated Sat 00:00
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What happened
LightWave Acquisition Corp., a special purpose acquisition company, was listed on Nasdaq. During mid-day trading on Thursday, the stock traded at $10.34, down 0.1% from its previous close of $10.35. An institutional investor, Sona Asset Management US LLC, acquired 199,100 shares of the company in the first quarter, valued at approximately $2,031,000.
From themarketsdaily.com
Why it matters
The listing of the company on Nasdaq subjects its trading to oversight by the SEC. The acquisition of a new stake by Sona Asset Management US LLC indicates institutional interest in the SPAC.
From themarketsdaily.com
Who's involved
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The entities involved
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