Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 52

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 52
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 Completion Window, the membership interests of the Sponsor become
worthless. 

7

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.

Risks and Uncertainties

Management continues to evaluate
the impact of significant global events such as the Russia/Ukraine and Israel/Palestine conflicts, on the industry and has concluded that
while it is reasonably possible that these could have a negative effect on the Company’s financial position, results of its operations
and/or search for a target company, the specific impact is not readily determinable as of the date of the financial statements. The financial
statements do not include any adjustments that might result from the outcome of this uncertainty.

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial
statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”)
and pursuant