Periscope Capital Inc. acquired a new position in shares of GSR IV Acquisition Corp. (NASDAQ:GSRF – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 368,589 shares of the company’s stock, valued at approximately $3,682,000. Periscope Capital Inc. owned approximately 1.25% of GSR IV Acquisition at the end of the most recent reporting period.
GSR IV Acquisition Stock Up 0.3%
Shares of GSRF stock opened at $10.16 on Friday. GSR IV Acquisition Corp. has a 1-year low of $9.96 and a 1-year high of $10.20. The business’s fifty day moving average is $10.08.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings began coverage on shares of GSR IV Acquisition in a report on Thursday, February 5th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.
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.
Recommended Stories
- Five stocks we like better than GSR IV Acquisition
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Want to see what other hedge funds are holding GSRF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GSR IV Acquisition Corp. (NASDAQ:GSRF – Free Report).
Receive News & Ratings for GSR IV Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GSR IV Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
