Company: GSRF
Filing Date: 2025-07-29
Form Type: S-1
Source: 0001213900-25-068819
Chunk: 298

Company: GSR IV Acquisition Corp.
Filing Date: 2025-07-29
Form: S-1
Chunk 298
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 Company for the year ended December31, 2024 and did not have a material impact on the Company’s financial statements (see Note 5). Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements. NOTE 3: RELATED PARTY TRANSACTIONS Founder Shares On May 30, 2023, GSR IV Sponsor LLC (the “Sponsor”) paid $25,000 to cover certain offering costs of the Company in consideration for 5,750,000 Class B ordinary shares of the Company. It is expected that the initial shareholders will not forfeit founder shares even if the over -allotmentoption is not exercised in full by the underwriter. Thus, the founder shares will represent 20.0% of the Company’s issued and outstanding shares after the Proposed F-11 GSR IV ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS NOTE 3: RELATED PARTY TRANSACTIONS (cont.) Public Offering only if the over -allotmentoption is exercised in full by the underwriter (otherwise, it will be a higher percentage). If the Company increases or decreases the size of the offering, the Company is expected to effect a share dividend or share contribution back to capital, as applicable, immediately prior to the consummation of the Proposed Public Offering in such amount as to maintain the Founder Share ownership of the Company’s shareholders prior to the Proposed Public Offering at 20.0% of the Company’s issued and outstanding ordinary shares upon the consummation of the Proposed Public Offering (assuming the over -allotmentoption is exercised in full by the underwriter). 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 is non -interestbearing, unsecured and due upon the earlier of June 6, 2026 and the closing of the Proposed Public Offering (after reflecting the amendment disclosed in Note 6). The Company intends to repay the Note from the proceeds of the Proposed Public Offering and related financing transactions not being placed in the Trust Account. As of March 31, 2025, December 31, 2024 and December 31, 2023, the Company had no outstanding balances under the Note. Administrative Services Agreement The Company intends to enter into an agreement, commencing on the effective date of the Proposed