Alpine Global Management LLC Takes $3 Million Position in GSR IV Acquisition Corp. $GSRF

Alpine Global Management LLC bought a new stake in GSR IV Acquisition Corp. (NASDAQ:GSRF) during the fourth quarter, Holdings Channel.com reports. The firm bought 300,391 shares of the company’s stock, valued at approximately $3,001,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bulldog Investors LLP bought a new position in shares of GSR IV Acquisition during the fourth quarter worth about $114,000. Virtu Financial LLC bought a new stake in GSR IV Acquisition in the 4th quarter valued at about $967,000. StoneX Group Inc. acquired a new position in GSR IV Acquisition during the 4th quarter valued at about $1,324,000. Boothbay Fund Management LLC acquired a new position in GSR IV Acquisition during the 4th quarter valued at about $1,469,000. Finally, Clear Street Group Inc. bought a new position in GSR IV Acquisition in the 4th quarter worth about $1,948,000.

GSR IV Acquisition Trading Up 0.2%

GSRF opened at $10.18 on Friday. The company’s 50 day simple moving average is $10.12. GSR IV Acquisition Corp. has a twelve month low of $9.96 and a twelve month 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.