Wolverine Asset Management LLC Cuts Position in Plum Acquisition Corp. IV $PLMK

Key Points

• Wolverine Asset Management LLC cut its stake in Plum Acquisition Corp. IV by 21.5%, selling 138,115 shares to end the quarter with 505,754 shares (about 2.09% ownership) valued at roughly $5.28 million.
• Several institutions initiated or boosted positions: Moore Capital (~$772k), Radcliffe Capital (~$3.20M) and Goldman Sachs (~$3.41M) opened new stakes, while BCK Capital slightly increased its holdings.
• Analyst sentiment is negative—Weiss Ratings reissued a “sell (d)” and MarketBeat's average rating is Sell—and PLMK trades near $10.59 (52‑week range $10.13–$10.67); the company is a SPAC with no operating history and IPO proceeds held in trust.

Wolverine Asset Management LLC lessened its stake in Plum Acquisition Corp. IV (NASDAQ:PLMK - Free Report) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 505,754 shares of the company's stock after selling 138,115 shares during the quarter. Wolverine Asset Management LLC owned 2.09% of Plum Acquisition Corp. IV worth $5,275,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Moore Capital Management LP purchased a new position in shares of Plum Acquisition Corp. IV in the 2nd quarter valued at about $772,000. BCK Capital Management LP increased its holdings in shares of Plum Acquisition Corp. IV by 3.3% in the 3rd quarter. BCK Capital Management LP now owns 103,313 shares of the company's stock valued at $1,066,000 after purchasing an additional 3,313 shares in the last quarter. Radcliffe Capital Management L.P. purchased a new position in shares of Plum Acquisition Corp. IV in the 2nd quarter valued at about $3,201,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Plum Acquisition Corp. IV in the 1st quarter valued at about $3,409,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Plum Acquisition Corp. IV in a research note on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of "Sell".

Plum Acquisition Corp. IV Price Performance

Shares of NASDAQ PLMK opened at $10.59 on Monday. Plum Acquisition Corp. IV has a 52 week low of $10.13 and a 52 week high of $10.67. The company's 50-day moving average price is $10.55 and its 200 day moving average price is $10.49.

Plum Acquisition Corp. IV (NASDAQ:PLMK - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.07 EPS for the quarter.

About Plum Acquisition Corp. IV

Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.

The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.

Although Plum Acquisition Corp.

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