Gabelli Funds LLC Purchases New Shares in GSR IV Acquisition Corp. $GSRFU

Gabelli Funds LLC purchased a new position in shares of GSR IV Acquisition Corp. (NASDAQ:GSRFU) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 230,100 shares of the company’s stock, valued at approximately $2,332,000.

A number of other hedge funds have also recently added to or reduced their stakes in GSRFU. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in GSR IV Acquisition in the 3rd quarter valued at about $2,735,000. Context Capital Management LLC acquired a new position in shares of GSR IV Acquisition during the third quarter worth approximately $4,561,000. Picton Mahoney Asset Management acquired a new stake in shares of GSR IV Acquisition in the third quarter valued at approximately $6,588,000. ATW Spac Management LLC acquired a new stake in shares of GSR IV Acquisition in the third quarter valued at approximately $2,027,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of GSR IV Acquisition in the third quarter valued at approximately $167,000.

GSR IV Acquisition Price Performance

GSRFU stock opened at $10.27 on Wednesday. The stock has a 50 day moving average of $10.42. GSR IV Acquisition Corp. has a fifty-two week low of $10.01 and a fifty-two week high of $11.00.

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.