Aristeia Capital L.L.C. Invests $8.74 Million in GSR IV Acquisition Corp. $GSRF

Aristeia Capital L.L.C. bought a new stake in GSR IV Acquisition Corp. (NASDAQ:GSRF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 875,000 shares of the company’s stock, valued at approximately $8,741,000. Aristeia Capital L.L.C. owned 2.98% of GSR IV Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Glazer Capital LLC acquired a new stake in GSR IV Acquisition in the 4th quarter worth about $15,090,000. Polar Asset Management Partners Inc. bought a new position in shares of GSR IV Acquisition during the fourth quarter worth approximately $11,988,000. Meteora Capital LLC acquired a new stake in shares of GSR IV Acquisition in the fourth quarter valued at approximately $10,069,000. First Trust Capital Management L.P. acquired a new stake in shares of GSR IV Acquisition in the fourth quarter valued at approximately $9,450,000. Finally, AQR Arbitrage LLC bought a new stake in shares of GSR IV Acquisition in the fourth quarter valued at approximately $9,331,000.

GSR IV Acquisition Stock Performance

Shares of NASDAQ:GSRF opened at $10.16 on Thursday. The business’s 50 day moving average is $10.11. GSR IV Acquisition Corp. has a 1 year low of $9.96 and a 1 year high of $10.20.

About GSR IV Acquisition

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.