Magnetar Financial LLC Buys New Position in Lake Superior Acquisition Corp $LKSPU

Magnetar Financial LLC bought a new stake in Lake Superior Acquisition Corp (NASDAQ:LKSPU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 495,208 shares of the company’s stock, valued at approximately $5,039,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Lake Superior Acquisition in the 4th quarter valued at about $331,000. Clear Street Group Inc. acquired a new position in Lake Superior Acquisition in the 4th quarter valued at about $797,000. Finally, Westchester Capital Management LLC acquired a new position in Lake Superior Acquisition in the 4th quarter valued at about $2,581,000.

Lake Superior Acquisition Price Performance

Shares of LKSPU stock opened at $10.28 on Wednesday. The firm has a 50-day moving average price of $10.29 and a 200 day moving average price of $10.22. Lake Superior Acquisition Corp has a twelve month low of $10.00 and a twelve month high of $10.36.

Lake Superior Acquisition Company Profile

We are a blank check company, incorporated as a British Virgin Islands business company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.