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 end on Tuesday, March 3rd. GSR IV Acquisition had issued 20,000,000 shares in its initial public offering on September 4th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

GSR IV Acquisition Stock Up 3.1%

Shares of GSR IV Acquisition stock opened at $10.60 on Tuesday. The company’s 50 day simple moving average is $10.42. GSR IV Acquisition has a 52 week low of $10.01 and a 52 week high of $11.00.

Hedge Funds Weigh In On GSR IV Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of GSRFU. Berkley W R Corp bought a new position in shares of GSR IV Acquisition in the 3rd quarter worth approximately $3,016,000. Mangrove Partners IM LLC bought a new stake in shares of GSR IV Acquisition during the third quarter valued at approximately $4,561,000. Radcliffe Capital Management L.P. bought a new stake in shares of GSR IV Acquisition during the third quarter valued at approximately $4,094,000. Harraden Circle Investments LLC purchased a new stake in GSR IV Acquisition in the third quarter worth $9,082,000. Finally, Magnetar Financial LLC bought a new position in GSR IV Acquisition in the third quarter worth $12,669,000.

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.