GSR IV Acquisition Corp.’s (NASDAQ:GSRFU) Lock-Up Period To End on March 3rd

GSR IV Acquisition’s (NASDAQ:GSRFU) lock-up period is set to expire on Tuesday, March 3rd. GSR IV Acquisition had issued 20,000,000 shares in its public offering on September 4th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

GSR IV Acquisition Price Performance

Shares of GSR IV Acquisition stock opened at $10.41 on Friday. The stock’s 50 day moving average is $10.42. GSR IV Acquisition has a 1 year low of $10.01 and a 1 year high of $11.00.

Hedge Funds Weigh In On GSR IV Acquisition

Several institutional investors and hedge funds have recently modified their holdings of GSRFU. AQR Arbitrage LLC purchased a new position in shares of GSR IV Acquisition during the 3rd quarter worth $13,176,000. Linden Advisors LP acquired a new stake in GSR IV Acquisition in the 3rd quarter worth about $12,669,000. Magnetar Financial LLC acquired a new stake in GSR IV Acquisition in the 3rd quarter worth about $12,669,000. Polar Asset Management Partners Inc. acquired a new stake in shares of GSR IV Acquisition in the third quarter worth approximately $12,162,000. Finally, First Trust Capital Management L.P. purchased a new stake in GSR IV Acquisition in the third quarter valued at approximately $9,587,000.

About GSR IV Acquisition

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.