Radcliffe Capital Management L.P. Raises Stock Holdings in Plum Acquisition Corp. IV $PLMK

Radcliffe Capital Management L.P. increased its stake in Plum Acquisition Corp. IV (NASDAQ:PLMK) by 36.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 425,330 shares of the company’s stock after purchasing an additional 113,975 shares during the period. Radcliffe Capital Management L.P. owned approximately 1.75% of Plum Acquisition Corp. IV worth $4,389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PLMK. BCK Capital Management LP grew its stake in Plum Acquisition Corp. IV by 3.3% in the 3rd quarter. BCK Capital Management LP now owns 103,313 shares of the company’s stock worth $1,066,000 after buying an additional 3,313 shares in the last quarter. Moore Capital Management LP bought a new position in shares of Plum Acquisition Corp. IV in the 2nd quarter worth $772,000. Berkley W R Corp raised its position in shares of Plum Acquisition Corp. IV by 34.9% during the 2nd quarter. Berkley W R Corp now owns 768,888 shares of the company’s stock valued at $7,896,000 after buying an additional 199,045 shares in the last quarter. Karpus Management Inc. raised its position in shares of Plum Acquisition Corp. IV by 52.1% during the 2nd quarter. Karpus Management Inc. now owns 685,225 shares of the company’s stock valued at $7,037,000 after buying an additional 234,625 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Plum Acquisition Corp. IV during the 2nd quarter worth $5,138,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Plum Acquisition Corp. IV in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Plum Acquisition Corp. IV Price Performance

Shares of NASDAQ PLMK opened at $10.54 on Friday. The stock’s 50-day moving average is $10.50 and its 200 day moving average is $10.42. Plum Acquisition Corp. IV has a 1-year low of $10.00 and a 1-year high of $10.64.

Plum Acquisition Corp. IV Company Profile

Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.

The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.

Although Plum Acquisition Corp.