GSR IV Acquisition Corp. $GSRF Shares Bought by Lineage Point Capital LP

Lineage Point Capital LP raised its position in shares of GSR IV Acquisition Corp. (NASDAQ:GSRF) by 38.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 303,908 shares of the company’s stock after buying an additional 83,908 shares during the period. Lineage Point Capital LP owned about 1.03% of GSR IV Acquisition worth $3,085,000 as of its most recent filing with the Securities & Exchange Commission.

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

GSR IV Acquisition Trading Up 0.1%

NASDAQ GSRF opened at $10.23 on Friday. GSR IV Acquisition Corp. has a 52 week low of $9.96 and a 52 week high of $10.23. The firm has a 50 day moving average of $10.19 and a two-hundred day moving average of $10.12.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded GSR IV Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus 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.