Wolverine Asset Management LLC Makes New $3.61 Million Investment in Gores Holdings IX, Inc. (NASDAQ:GHIX)

Wolverine Asset Management LLC purchased a new position in shares of Gores Holdings IX, Inc. (NASDAQ:GHIX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 344,019 shares of the company’s stock, valued at approximately $3,612,000. Wolverine Asset Management LLC owned 0.52% of Gores Holdings IX as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TrueMark Investments LLC bought a new position in Gores Holdings IX during the fourth quarter worth about $222,000. Tuttle Capital Management LLC acquired a new stake in shares of Gores Holdings IX during the fourth quarter worth approximately $315,000. Shaolin Capital Management LLC increased its holdings in shares of Gores Holdings IX by 166.1% during the third quarter. Shaolin Capital Management LLC now owns 247,900 shares of the company’s stock worth $2,576,000 after buying an additional 622,900 shares in the last quarter. Nomura Holdings Inc. increased its holdings in shares of Gores Holdings IX by 43.3% in the third quarter. Nomura Holdings Inc. now owns 2,250,000 shares of the company’s stock valued at $23,378,000 after purchasing an additional 680,000 shares in the last quarter. Finally, Cowen AND Company LLC increased its holdings in shares of Gores Holdings IX by 4,180.4% in the third quarter. Cowen AND Company LLC now owns 463,992 shares of the company’s stock valued at $4,821,000 after purchasing an additional 453,152 shares in the last quarter. Institutional investors own 75.13% of the company’s stock.

Gores Holdings IX Stock Performance

Shares of Gores Holdings IX stock traded up $0.09 during midday trading on Wednesday, reaching $10.64. The company had a trading volume of 2,116 shares, compared to its average volume of 13,810. The stock has a fifty day simple moving average of $10.56 and a 200 day simple moving average of $10.52. Gores Holdings IX, Inc. has a 1-year low of $10.04 and a 1-year high of $11.10.

About Gores Holdings IX

Gores Holdings IX, Inc does not have significant operations. It intends to effect on a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Boulder, Colorado.