Mercuria Capital Strategies LLC Invests $5 Million in GSR IV Acquisition Corp. $GSRF

Mercuria Capital Strategies LLC bought a new position in shares of GSR IV Acquisition Corp. (NASDAQ:GSRF) during the fourth quarter, Holdings Channel.com reports. The fund bought 500,000 shares of the company’s stock, valued at approximately $4,995,000. GSR IV Acquisition accounts for 4.1% of Mercuria Capital Strategies LLC’s investment portfolio, making the stock its 12th largest holding.

Separately, Periscope Capital Inc. acquired a new position in shares of GSR IV Acquisition during the fourth quarter worth approximately $3,682,000.

GSR IV Acquisition Trading Up 0.2%

Shares of NASDAQ:GSRF opened at $10.15 on Friday. GSR IV Acquisition Corp. has a twelve month low of $9.96 and a twelve month high of $10.20. The stock’s 50 day moving average price is $10.09.

GSR IV Acquisition Profile

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.