AQR Arbitrage LLC Takes $9.64 Million Position in Plum Acquisition Corp. IV $PLMK

Key Points

• AQR Arbitrage LLC acquired a new stake in Plum Acquisition Corp. IV, purchasing 960,428 shares valued at approximately $9.64 million, giving it a 5.19% ownership in the company.
• Other institutional investors also bought positions in Plum Acquisition Corp. IV during the first quarter, with investments ranging from $1.5 million to $8 million.
• The stock of Plum Acquisition Corp. IV has shown moderate trading performance, with a 12-month low of $9.94 and a high of $10.34, opening at $10.28 recently.

AQR Arbitrage LLC acquired a new stake in Plum Acquisition Corp. IV (NASDAQ:PLMK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 960,428 shares of the company's stock, valued at approximately $9,643,000. AQR Arbitrage LLC owned 5.19% of Plum Acquisition Corp. IV as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in PLMK. Westchester Capital Management LLC purchased a new position in Plum Acquisition Corp. IV in the first quarter worth approximately $8,032,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in Plum Acquisition Corp. IV in the first quarter worth approximately $7,028,000. Linden Advisors LP acquired a new stake in Plum Acquisition Corp. IV during the first quarter worth approximately $7,028,000. Wolverine Asset Management LLC purchased a new stake in shares of Plum Acquisition Corp. IV during the 1st quarter worth approximately $3,415,000. Finally, Mizuho Securities USA LLC purchased a new stake in shares of Plum Acquisition Corp. IV during the 1st quarter worth approximately $1,504,000.

Plum Acquisition Corp. IV Stock Performance

Shares of NASDAQ:PLMK remained flat at $10.28 during trading on Monday. The company's 50-day moving average price is $10.28 and its 200 day moving average price is $10.18. Plum Acquisition Corp. IV has a one year low of $9.94 and a one year high of $10.34.

Plum Acquisition Corp. IV Company Profile

Plum Acquisition Corp. IV is a blank check company, which was established for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on June 10, 2024 and is headquartered in San Francisco, CA.