Hudson Bay Capital Management LP acquired a new stake in shares of Starry Sea Acquisition Corp (NASDAQ:SSEAU – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 250,000 shares of the company’s stock, valued at approximately $2,535,000.
Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in shares of Starry Sea Acquisition in the third quarter worth approximately $243,000. Centiva Capital LP bought a new stake in shares of Starry Sea Acquisition during the third quarter valued at approximately $254,000. Schonfeld Strategic Advisors LLC purchased a new position in Starry Sea Acquisition in the 3rd quarter worth approximately $1,004,000. Heights Capital Management Inc. purchased a new position in Starry Sea Acquisition in the 3rd quarter worth approximately $1,014,000. Finally, Radcliffe Capital Management L.P. bought a new position in Starry Sea Acquisition in the 3rd quarter valued at approximately $1,302,000.
Starry Sea Acquisition Trading Up 0.4%
Shares of SSEAU opened at $10.29 on Friday. The business’s fifty day simple moving average is $10.21 and its two-hundred day simple moving average is $10.19. Starry Sea Acquisition Corp has a 12 month low of $10.03 and a 12 month high of $11.11.
Starry Sea Acquisition 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.
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