Clear Street Group Inc. Purchases Shares of 195,000 GSR IV Acquisition Corp. $GSRF

Clear Street Group Inc. bought a new position in shares of GSR IV Acquisition Corp. (NASDAQ:GSRF) in the 4th quarter, HoldingsChannel reports. The fund bought 195,000 shares of the company’s stock, valued at approximately $1,948,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mercuria Capital Strategies LLC purchased a new position in GSR IV Acquisition during the fourth quarter worth about $4,995,000. Periscope Capital Inc. purchased a new position in GSR IV Acquisition during the fourth quarter worth about $3,682,000. Context Capital Management LLC purchased a new position in GSR IV Acquisition during the fourth quarter worth about $3,996,000. Glazer Capital LLC purchased a new position in GSR IV Acquisition during the fourth quarter worth about $15,090,000. Finally, First Trust Capital Management L.P. purchased a new position in GSR IV Acquisition during the fourth quarter worth about $9,450,000.

GSR IV Acquisition Stock Performance

GSR IV Acquisition stock opened at $10.15 on Monday. GSR IV Acquisition Corp. has a fifty-two week low of $9.96 and a fifty-two week high of $10.20. The stock’s 50-day moving average price is $10.11.

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.