Harraden Circle Investments LLC Takes $2.54 Million Position in GSR IV Acquisition Corp. $GSRF

Harraden Circle Investments LLC acquired a new position in GSR IV Acquisition Corp. (NASDAQ:GSRFFree 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”.

Check Out Our Latest Research Report on GSR IV Acquisition

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

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GSRF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GSR IV Acquisition Corp. (NASDAQ:GSRFFree Report).

Institutional Ownership by Quarter for GSR IV Acquisition (NASDAQ:GSRF)

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