Harraden Circle Investments LLC acquired a new position in GSR IV Acquisition Corp. (NASDAQ:GSRF – Free Report) in the second quarter, Holdings Channel reports. The firm acquired 250,000 shares of the company’s stock, valued at approximately $2,540,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bulldog Investors LLP acquired a new stake in shares of GSR IV Acquisition in the fourth quarter worth $114,000. Virtu Financial LLC acquired a new stake in shares of GSR IV Acquisition during the 4th quarter valued at $967,000. StoneX Group Inc. acquired a new position in shares of GSR IV Acquisition in the fourth quarter worth $1,324,000. Boothbay Fund Management LLC purchased a new stake in shares of GSR IV Acquisition during the fourth quarter worth $1,469,000. Finally, Clear Street Group Inc. purchased a new stake in shares of GSR IV Acquisition during the fourth quarter worth $1,948,000.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded GSR IV Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
GSR IV Acquisition Trading Up 0.1%
Shares of GSRF stock opened at $10.23 on Friday. GSR IV Acquisition Corp. has a 12 month low of $9.96 and a 12 month high of $10.23. The business’s 50 day moving average is $10.19 and its two-hundred day moving average is $10.12.
GSR IV Acquisition Profile
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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