Rivernorth Capital Management LLC purchased a new stake in GSR IV Acquisition Corp. (NASDAQ:GSRF – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 475,489 shares of the company’s stock, valued at approximately $4,769,000. Rivernorth Capital Management LLC owned 1.62% of GSR IV Acquisition at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in GSRF. Bulldog Investors LLP acquired a new position in GSR IV Acquisition in the fourth quarter valued at approximately $114,000. Virtu Financial LLC purchased a new position in GSR IV Acquisition in the fourth quarter worth approximately $967,000. StoneX Group Inc. acquired a new stake in GSR IV Acquisition during the fourth quarter worth $1,324,000. Boothbay Fund Management LLC purchased a new stake in GSR IV Acquisition in the fourth quarter valued at $1,469,000. Finally, Clear Street Group Inc. purchased a new stake in GSR IV Acquisition in the fourth quarter valued at $1,948,000.
GSR IV Acquisition Trading Up 0.0%
GSR IV Acquisition stock opened at $10.18 on Wednesday. The company has a 50 day moving average of $10.16. GSR IV Acquisition Corp. has a 1 year low of $9.96 and a 1 year high of $10.20.
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GSR IV Acquisition Company 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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