Wolverine Asset Management LLC purchased a new stake in Starry Sea Acquisition Corp (NASDAQ:SSEAU – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 295,706 shares of the company’s stock, valued at approximately $2,998,000.
Starry Sea Acquisition Price Performance
SSEAU stock opened at $10.22 on Friday. Starry Sea Acquisition Corp has a one year low of $10.03 and a one year high of $11.11. The stock’s fifty day moving average is $10.20.
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.
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