Lake Superior Acquisition Corp’s Lock-Up Period Set To Expire on April 6th (NASDAQ:LKSPU)

Lake Superior Acquisition’s (NASDAQ:LKSPU) lock-up period is set to end on Monday, April 6th. Lake Superior Acquisition had issued 10,000,000 shares in its initial public offering on October 7th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Lake Superior Acquisition in a report on Wednesday, December 31st. They issued a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Lake Superior Acquisition Stock Performance

Shares of LKSPU stock opened at $10.12 on Monday. The business’s fifty day simple moving average is $10.19. Lake Superior Acquisition has a 1-year low of $10.00 and a 1-year high of $10.36.

Institutional Trading of Lake Superior Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new stake in Lake Superior Acquisition during the fourth quarter worth about $331,000. Westchester Capital Management LLC acquired a new position in Lake Superior Acquisition during the fourth quarter worth about $2,581,000. Clear Street Group Inc. purchased a new position in Lake Superior Acquisition in the fourth quarter valued at about $797,000. Magnetar Financial LLC acquired a new stake in shares of Lake Superior Acquisition during the 4th quarter valued at approximately $5,039,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Lake Superior Acquisition during the 4th quarter valued at approximately $110,000.

About Lake Superior Acquisition

We are a blank check company, incorporated as a British Virgin Islands business company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.