Radcliffe Capital Management L.P. Acquires New Holdings in GSR IV Acquisition Corp. $GSRF

Radcliffe Capital Management L.P. bought a new stake in GSR IV Acquisition Corp. (NASDAQ:GSRF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 609,667 shares of the company’s stock, valued at approximately $6,091,000.

Other hedge funds also recently modified their holdings of the company. Bulldog Investors LLP bought a new position in shares of GSR IV Acquisition during the 4th quarter valued at $114,000. StoneX Group Inc. bought a new stake in shares of GSR IV Acquisition during the 4th quarter worth about $1,324,000. Clear Street Group Inc. acquired a new position in shares of GSR IV Acquisition during the 4th quarter valued at about $1,948,000. DLD Asset Management LP acquired a new position in shares of GSR IV Acquisition during the 4th quarter valued at about $2,664,000. Finally, Berkley W R Corp bought a new position in shares of GSR IV Acquisition in the fourth quarter valued at approximately $2,973,000.

GSR IV Acquisition Price Performance

Shares of GSR IV Acquisition stock opened at $10.15 on Wednesday. The business has a fifty day moving average price of $10.11. GSR IV Acquisition Corp. has a 1-year low of $9.96 and a 1-year high of $10.20.

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.