350,000 Shares in Plum Acquisition Corp. IV $PLMK Purchased by Sona Asset Management US LLC

Sona Asset Management US LLC acquired a new position in Plum Acquisition Corp. IV (NASDAQ:PLMK) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 350,000 shares of the company’s stock, valued at approximately $3,696,000.

Several other large investors have also modified their holdings of PLMK. Glazer Capital LLC grew its stake in shares of Plum Acquisition Corp. IV by 1.7% during the fourth quarter. Glazer Capital LLC now owns 783,339 shares of the company’s stock valued at $8,170,000 after buying an additional 13,107 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of Plum Acquisition Corp. IV during the 4th quarter worth approximately $157,000. Radcliffe Capital Management L.P. lifted its stake in shares of Plum Acquisition Corp. IV by 5.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 449,055 shares of the company’s stock worth $4,693,000 after acquiring an additional 23,725 shares during the last quarter. Crossingbridge Advisors LLC purchased a new position in Plum Acquisition Corp. IV during the 4th quarter valued at $262,000. Finally, Virtu Financial LLC purchased a new position in Plum Acquisition Corp. IV during the 4th quarter valued at $352,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Plum Acquisition Corp. IV Price Performance

Plum Acquisition Corp. IV stock opened at $10.61 on Monday. Plum Acquisition Corp. IV has a 1 year low of $10.27 and a 1 year high of $12.00. The firm has a 50-day moving average of $10.65 and a two-hundred day moving average of $10.58.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last issued its earnings results on Friday, May 15th. The company reported $0.05 EPS for the quarter.

About Plum Acquisition Corp. IV

Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.

The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.

Although Plum Acquisition Corp.