Polar Asset Management Partners Inc. Invests $2.54 Million in Starry Sea Acquisition Corp $SSEAU

Polar Asset Management Partners Inc. acquired a new stake in Starry Sea Acquisition Corp (NASDAQ:SSEAU) during the 3rd quarter, HoldingsChannel reports. The firm acquired 250,000 shares of the company’s stock, valued at approximately $2,535,000.

Several other institutional investors and hedge funds have also bought and sold shares of SSEAU. Wolverine Asset Management LLC purchased a new stake in Starry Sea Acquisition in the third quarter worth $2,998,000. JPMorgan Chase & Co. bought a new stake in shares of Starry Sea Acquisition in the third quarter valued at $243,000. Highbridge Capital Management LLC purchased a new position in shares of Starry Sea Acquisition during the 3rd quarter valued at $4,115,000. ATW Spac Management LLC purchased a new position in shares of Starry Sea Acquisition during the 3rd quarter valued at $1,521,000. Finally, Harraden Circle Investments LLC bought a new position in shares of Starry Sea Acquisition during the 3rd quarter worth $5,154,000.

Starry Sea Acquisition Price Performance

Shares of SSEAU opened at $10.29 on Friday. Starry Sea Acquisition Corp has a fifty-two week low of $10.03 and a fifty-two week high of $11.11. The business has a 50-day moving average of $10.21 and a 200 day moving average of $10.19.

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.