ATW Spac Management LLC Takes Position in Starry Sea Acquisition Corp $SSEAU

ATW Spac Management LLC bought a new position in Starry Sea Acquisition Corp (NASDAQ:SSEAU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the company’s stock, valued at approximately $1,521,000. Starry Sea Acquisition makes up about 2.0% of ATW Spac Management LLC’s holdings, making the stock its 14th largest position.

Several other large investors also recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new position in Starry Sea Acquisition during the third quarter valued at approximately $2,998,000. JPMorgan Chase & Co. bought a new stake in Starry Sea Acquisition in the 3rd quarter worth approximately $243,000. Finally, Highbridge Capital Management LLC purchased a new stake in Starry Sea Acquisition during the third quarter valued at $4,115,000.

Starry Sea Acquisition Stock Down 0.7%

NASDAQ:SSEAU opened at $10.15 on Wednesday. Starry Sea Acquisition Corp has a 1 year low of $10.03 and a 1 year high of $11.11. The business has a 50 day simple moving average of $10.20 and a 200-day simple moving average of $10.17.

Starry Sea Acquisition Company 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.