Virtu Financial LLC bought a new stake in GSR IV Acquisition Corp. (NASDAQ:GSRF – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 96,797 shares of the company’s stock, valued at approximately $967,000. Virtu Financial LLC owned 0.33% of GSR IV Acquisition at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in GSRF. Bulldog Investors LLP bought a new position in GSR IV Acquisition during the 4th quarter valued at about $114,000. StoneX Group Inc. bought a new stake in GSR IV Acquisition in the fourth quarter worth about $1,324,000. Boothbay Fund Management LLC bought a new stake in GSR IV Acquisition in the fourth quarter worth about $1,469,000. Clear Street Group Inc. purchased a new position in shares of GSR IV Acquisition during the fourth quarter valued at approximately $1,948,000. Finally, Governors Lane LP purchased a new position in shares of GSR IV Acquisition during the fourth quarter valued at approximately $2,498,000.
GSR IV Acquisition Trading Up 0.2%
GSRF opened at $10.18 on Monday. The company’s 50 day simple moving average is $10.12. GSR IV Acquisition Corp. has a one year low of $9.96 and a one year high of $10.20.
About GSR IV Acquisition
GSR IV Acquisition Corp (NASDAQ: GSRF) is a special purpose acquisition company (SPAC) — a publicly listed blank‑check vehicle formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a SPAC, GSR IV does not operate a traditional commercial business or sell products and services; its principal activities are sourcing potential targets, negotiating a business combination and managing proceeds held in a trust account pending completion of a transaction.
The company’s typical operating functions include maintaining the funds raised in the IPO in a trust or escrow account, performing due diligence on candidate targets, structuring acquisition and financing arrangements (which may include private investment in public equity, or PIPE, commitments), and completing a de‑SPAC transaction that brings a private operating company public through the merger process.
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