GSR IV Acquisition Corp.’s (NASDAQ:GSRFU) Lock-Up Period To End on March 3rd

GSR IV Acquisition’s (NASDAQ:GSRFUGet Free Report) lock-up period will end on Tuesday, March 3rd. GSR IV Acquisition had issued 20,000,000 shares in its public offering on September 4th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of GSR IV Acquisition’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

GSR IV Acquisition Trading Up 3.1%

NASDAQ:GSRFU opened at $10.60 on Tuesday. The stock has a 50-day simple moving average of $10.42. GSR IV Acquisition has a 1-year low of $10.01 and a 1-year high of $11.00.

Institutional Trading of GSR IV Acquisition

A number of hedge funds have recently made changes to their positions in GSRFU. AQR Arbitrage LLC purchased a new stake in shares of GSR IV Acquisition in the 3rd quarter worth approximately $13,176,000. Magnetar Financial LLC bought a new stake in GSR IV Acquisition in the third quarter worth $12,669,000. Linden Advisors LP bought a new stake in GSR IV Acquisition in the third quarter worth $12,669,000. Polar Asset Management Partners Inc. purchased a new stake in shares of GSR IV Acquisition in the third quarter worth $12,162,000. Finally, First Trust Capital Management L.P. bought a new position in shares of GSR IV Acquisition during the third quarter valued at $9,587,000.

About GSR IV Acquisition

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We are a blank check company incorporated as a Cayman Islands exempted 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.

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