K2 Principal Fund L.P. Invests $1.97 Million in Plum Acquisition Corp. IV $PLMK

Key Points

• K2 Principal Fund L.P. acquired a stake of 195,699 shares in Plum Acquisition Corp. IV, valued at approximately $1,965,000.
• As of its latest filing, K2 Principal Fund L.P. holds 1.06% of Plum Acquisition Corp. IV, with several other institutional investors also increasing their stakes in the first quarter.
• The stock of Plum Acquisition Corp. IV opened at $10.28, with a 12-month low of $9.94 and a high of $10.34.

K2 Principal Fund L.P. bought a new position in shares of Plum Acquisition Corp. IV (NASDAQ:PLMK - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 195,699 shares of the company's stock, valued at approximately $1,965,000. K2 Principal Fund L.P. owned 1.06% of Plum Acquisition Corp. IV as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PLMK. AQR Arbitrage LLC acquired a new position in Plum Acquisition Corp. IV during the first quarter valued at $9,643,000. Westchester Capital Management LLC acquired a new position in Plum Acquisition Corp. IV during the first quarter valued at $8,032,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in Plum Acquisition Corp. IV during the first quarter valued at $7,028,000. Linden Advisors LP acquired a new position in Plum Acquisition Corp. IV during the first quarter valued at $7,028,000. Finally, Wolverine Asset Management LLC acquired a new position in Plum Acquisition Corp. IV during the first quarter valued at $3,415,000.

Plum Acquisition Corp. IV Stock Performance

NASDAQ:PLMK remained flat at $10.28 during trading hours on Wednesday. The company had a trading volume of 110 shares, compared to its average volume of 5,199. Plum Acquisition Corp. IV has a 52-week low of $9.94 and a 52-week high of $10.34. The stock has a fifty day moving average price of $10.28 and a two-hundred day moving average price of $10.18.

Plum Acquisition Corp. IV 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.