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

GSR IV Acquisition’s (NASDAQ:GSRFU) lock-up period will expire on Tuesday, March 3rd. GSR IV Acquisition had issued 20,000,000 shares in its IPO 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 major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

GSR IV Acquisition Stock Performance

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

Institutional Trading of GSR IV Acquisition

Large investors have recently bought and sold shares of the business. Toronto Dominion Bank raised its holdings in GSR IV Acquisition by 112.7% during the 4th quarter. Toronto Dominion Bank now owns 546,000 shares of the company’s stock worth $5,651,000 after buying an additional 289,300 shares during the period. Readystate Asset Management LP lifted its holdings in shares of GSR IV Acquisition by 847.7% in the fourth quarter. Readystate Asset Management LP now owns 94,774 shares of the company’s stock valued at $976,000 after purchasing an additional 84,774 shares in the last quarter. Clear Street Group Inc. lifted its holdings in shares of GSR IV Acquisition by 26.9% in the fourth quarter. Clear Street Group Inc. now owns 399,543 shares of the company’s stock valued at $4,135,000 after purchasing an additional 84,611 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of GSR IV Acquisition during the third quarter worth about $167,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of GSR IV Acquisition during the third quarter worth about $9,122,000.

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.