Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 29

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 29
---
 Business Combination. Subject to compliance with applicable securities laws, we would only consummate such
financing simultaneously with the consummation of our initial Business Combination. Following our initial Business Combination, if cash
on hand is insufficient, we may need to obtain additional financing in order to meet our obligations.

19

Going Concern Consideration

In connection with the Company’s
assessment of going concern considerations in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards
Codification (“ASC”) 205-40, “Presentation of Financial Statements — Going Concern,” we have
determined that mandatory liquidation, should we not complete a Business Combination and an extension of our deadline to do so not be
approved by the shareholders of the Company, and potential subsequent dissolution and the liquidity issue raise substantial doubt about
the Company’s ability to continue as a going concern if it does not complete a Business Combination.

As of September 30, 2025,
the Company had $1,835,999 in its operating bank account and a working capital of $1,984,943. The Company has incurred and expects to
continue to incur significant costs as a publicly traded company, to evaluate business opportunities, and to close on a Business Combination.
Such costs will be incurred prior to generating any operating revenues. These factors also raise substantial doubt about the Company’s
ability to continue as a going concern within one year after the date that the financial statements are issued.

Management plans to complete
a Business Combination before the mandatory liquidation date and anticipates that the Company will have sufficient liquidity to fund its
operations until then. However, there can be no assurance that we will be able to consummate a Business Combination within the Completion
Window or that liquidity will be sufficient to fund operations. The financial statements do not include any adjustments relating to the
recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue
as a going concern.

Results of Operations 

Our entire activity since
inception up to September 30, 2025 relates to our formation and the Initial Public Offering, and since the Initial Public Offering, our
search for a Business Combination. We will not generate any operating revenues until the closing and completion of our initial Business
Combination, at the earliest. We generate non-operating income from the proceeds held in the Trust Account.

For the three months ended
September 30, 2025, we had a net income of $488,891, which consisted