Company: GSRF
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001213900-25-056174
Chunk: 119

Company: GSR IV Acquisition Corp.
Filing Date: 2025-06-20
Form: DRS
Chunk 119
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 in respect thereto. On May 30, 2023, GSR Sponsor paid $25,000, or approximately $0.004 per share, to cover certain of our offering and formation costs in exchange for an aggregate of 5,750,000 founder shares (after giving effect to a share surrender effected on June 6, 2024). Subsequently, on, 2025, GSR Sponsor transferredfounder shares to each of our independent directors (an aggregate offounder shares) at their original purchase price. In addition, our sponsor, GSR Sponsor, has committed to purchase, an aggregate of 610,500 private placement units (or 655,500 private placement units if the underwriters’ over -allotmentoption is exercised in full) at a price of $10.00 per unit, or $6,105,000 in the aggregate, (or $6,555,000 if the underwriters’ over -allotmentoption is exercised in full) in a private placement that will occur simultaneously with the closing of this offering. At its election, SPAC Advisory Partners may purchase up to an aggregate of 150,000 private placement units (or 172,500 private placement units if the underwriters’ over -allotmentoption is exercised in full), at a price of $10.00 per unit, or $1,500,000 (or $1,725,000 if the underwriters’ over -allotmentoption is exercised in full), in a private placement that will close simultaneously with the closing of this offering. If SPAC Advisory Partners participates in the private placement, GSR Sponsor will reduce its purchase of private placement units by the corresponding number of private placement units purchased by SPAC Advisory Partners, provided that in no event will the private placement exceed 610,500 private placement units (or 655,500 private placement units if the underwriters exercise their over -allotmentoption in full). Each private placement right entitles the holder to receive one Class A ordinary share upon the consummation of the business combination. The private placement units will also be worthless if we do not complete an initial business combination. Given the differential in the purchase price paid for the founder shares as compared to the initial public offering price of the public shares and the substantial number of Class A ordinary shares that holders of our founder shares would receive upon conversion of the founder shares upon a business combination, the founder shares may have significant value after the business combination even if our Class A