700,000 Shares in Plum Acquisition Corp. IV $PLMK Acquired by Linden Advisors LP

Key Points

• Linden Advisors LP invested approximately $7.03 million in Plum Acquisition Corp. IV, acquiring 700,000 shares, representing 3.79% ownership.
• Various institutional investors have also recently entered the market for Plum Acquisition Corp. IV, with significant stakes including Picton Mahoney Asset Management and Mizuho Securities USA LLC.
• The stock price of Plum Acquisition Corp. IV opened at $10.29 and has fluctuated between a 1-year low of $9.94 and a high of $10.34.

Linden Advisors LP bought a new position in shares of Plum Acquisition Corp. IV (NASDAQ:PLMK - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 700,000 shares of the company's stock, valued at approximately $7,028,000. Linden Advisors LP owned 3.79% of Plum Acquisition Corp. IV as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PLMK. Westchester Capital Management LLC purchased a new stake in shares of Plum Acquisition Corp. IV during the 1st quarter worth about $8,032,000. Wolverine Asset Management LLC purchased a new stake in shares of Plum Acquisition Corp. IV during the 1st quarter worth about $3,415,000. Mizuho Securities USA LLC purchased a new stake in shares of Plum Acquisition Corp. IV during the 1st quarter worth about $1,504,000. Picton Mahoney Asset Management purchased a new stake in shares of Plum Acquisition Corp. IV during the 1st quarter worth about $1,506,000. Finally, Virtu Financial LLC purchased a new stake in shares of Plum Acquisition Corp. IV during the 1st quarter worth about $694,000.

Plum Acquisition Corp. IV Stock Performance

Plum Acquisition Corp. IV stock traded down $0.01 during midday trading on Monday, hitting $10.28. 115 shares of the company were exchanged, compared to its average volume of 10,209. The company's fifty day moving average price is $10.28 and its 200-day moving average price is $10.17. Plum Acquisition Corp. IV has a fifty-two week low of $9.94 and a fifty-two week high of $10.34.

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.