Global Lights Acquisition Corp (NASDAQ:GLAC – Get Free Report) shot up 0% during trading on Friday . The company traded as high as $10.81 and last traded at $10.81. 811 shares were traded during trading, a decline of 96% from the average session volume of 20,343 shares. The stock had previously closed at $10.80.
Global Lights Acquisition Trading Up 0.0 %
The business’s fifty day moving average price is $10.68 and its 200 day moving average price is $10.55.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Berkley W R Corp purchased a new stake in shares of Global Lights Acquisition during the 3rd quarter valued at $1,040,000. Rivernorth Capital Management LLC purchased a new position in Global Lights Acquisition in the third quarter valued at approximately $3,105,000. Walleye Capital LLC acquired a new position in Global Lights Acquisition during the third quarter valued at approximately $669,000. Polar Asset Management Partners Inc. grew its stake in Global Lights Acquisition by 60.0% during the third quarter. Polar Asset Management Partners Inc. now owns 800,000 shares of the company’s stock worth $8,376,000 after buying an additional 300,000 shares during the period. Finally, Shaolin Capital Management LLC boosted its position in Global Lights Acquisition by 6.2% during the 3rd quarter. Shaolin Capital Management LLC now owns 217,504 shares of the company’s stock worth $2,277,000 after purchasing an additional 12,712 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.
Global Lights Acquisition Company Profile
Global Lights Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Beijing, the People's Republic of China.
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