Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 20

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 20
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 for these services which are included within
general and administrative expenses in the accompanying statements of operations (none for the three and nine months ended September 30,
2024). There were no related amounts payable as of September 30, 2025 or December 31, 2024.

13

Promissory Note

On June 6, 2024, the
Sponsor agreed to loan the Company up to $300,000 pursuant to a promissory note (the “Note”). The Note was non-interest bearing,
unsecured and due upon the earlier of June 6, 2025 and the closing of the Initial Public Offering. On June 3, 2025, the Company
entered into an amendment to the Note, extending the maturity date to the earlier of June 6, 2026 and the closing of the Initial
Public Offering. As of September 30, 2025 and December 31, 2024, the Company had no outstanding balances under the Note, which became
due upon the closing of the Initial Public Offering.

Due to Related Party

The Sponsor pays certain
costs on behalf of the Company, with such amounts reflected as due to related party. These amounts are due on demand and non-interest
bearing. During the period from April 1, 2025 through September 5, 2025, the Sponsor paid certain costs totaling $168,559 on
behalf of the Company. Upon the closing of the Initial Public Offering, the Company repaid the outstanding balance of $168,559 due to
related party from the proceeds not held in the Trust Account, resulting in no balance due to related party as of September 30, 2025 (none
as of December 31, 2024).

Working Capital Loans

In addition, in order to
finance transaction costs in connection with a Business Combination, the Sponsor, members of the Company’s founding team or any
of their affiliates may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If
the Company completes a Business Combination, the Company will repay the Working Capital Loans out of the proceeds of the Trust Account
released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the
event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the
Working Capital Loans, but no proceeds held in the Trust Account