TENOR CAPITAL MANAGEMENT Co. L.P. Invests $7.03 Million in Plum Acquisition Corp. IV $PLMK

Key Points

• TENOR CAPITAL MANAGEMENT Co. L.P. acquired 700,000 shares of Plum Acquisition Corp. IV, valued at approximately $7,028,000, representing about 3.79% ownership as of the end of the most recent quarter.
• Several institutional investors, including Kepos Capital LP and Wolverine Asset Management LLC, also established new positions in Plum Acquisition Corp. IV during the same period.
• Plum Acquisition Corp. IV's stock opened at $10.28 on Tuesday, with a 52-week trading range of $9.94 to $10.34.

TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Plum Acquisition Corp. IV (NASDAQ:PLMK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 700,000 shares of the company's stock, valued at approximately $7,028,000. TENOR CAPITAL MANAGEMENT Co. L.P. owned approximately 3.79% of Plum Acquisition Corp. IV as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kepos Capital LP bought a new position in shares of Plum Acquisition Corp. IV during the 1st quarter valued at about $502,000. Virtu Financial LLC bought a new position in Plum Acquisition Corp. IV during the first quarter valued at approximately $694,000. Picton Mahoney Asset Management purchased a new position in shares of Plum Acquisition Corp. IV during the first quarter worth approximately $1,506,000. Mizuho Securities USA LLC bought a new stake in shares of Plum Acquisition Corp. IV in the 1st quarter worth approximately $1,504,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Plum Acquisition Corp. IV in the 1st quarter worth approximately $3,415,000.

Plum Acquisition Corp. IV Stock Performance

Shares of PLMK stock remained flat at $10.28 on Friday. Plum Acquisition Corp. IV has a twelve month low of $9.94 and a twelve month high of $10.34. The company has a 50 day moving average of $10.28 and a two-hundred day moving average of $10.17.

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.