Lineage Point Capital LP Grows Stake in GSR IV Acquisition Corp. $GSRF

Lineage Point Capital LP increased its holdings in shares of GSR IV Acquisition Corp. (NASDAQ:GSRF) by 38.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 303,908 shares of the company’s stock after acquiring an additional 83,908 shares during the quarter. Lineage Point Capital LP’s holdings in GSR IV Acquisition were worth $3,085,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GSRF. Rivernorth Capital Management LLC purchased a new position in GSR IV Acquisition in the first quarter valued at approximately $4,769,000. Mercuria Capital Strategies LLC purchased a new stake in shares of GSR IV Acquisition in the 4th quarter valued at about $4,995,000. Sona Asset Management US LLC acquired a new stake in shares of GSR IV Acquisition in the 1st quarter valued at about $2,508,000. Radcliffe Capital Management L.P. acquired a new stake in shares of GSR IV Acquisition in the fourth quarter valued at approximately $6,091,000. Finally, Virtu Financial LLC acquired a new stake in GSR IV Acquisition during the 4th quarter worth $967,000.

GSR IV Acquisition Stock Up 0.1%

Shares of GSRF opened at $10.23 on Friday. The stock’s 50 day moving average is $10.19 and its two-hundred day moving average is $10.12. GSR IV Acquisition Corp. has a twelve month low of $9.96 and a twelve month high of $10.23.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of GSR IV Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About GSR IV Acquisition

GSR IV Acquisition Corp (NASDAQ: GSRF) is a special purpose acquisition company (SPAC) — a publicly listed blank‑check vehicle formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a SPAC, GSR IV does not operate a traditional commercial business or sell products and services; its principal activities are sourcing potential targets, negotiating a business combination and managing proceeds held in a trust account pending completion of a transaction.

The company’s typical operating functions include maintaining the funds raised in the IPO in a trust or escrow account, performing due diligence on candidate targets, structuring acquisition and financing arrangements (which may include private investment in public equity, or PIPE, commitments), and completing a de‑SPAC transaction that brings a private operating company public through the merger process.