Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 94

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 94
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 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 would be used to repay the Working Capital Loans. The Working Capital Loans would either
be repaid upon consummation of a Business Combination, without interest, or, at the lenders’ discretion, up to $1,500,000 of such
Working Capital Loans may be convertible into private placement units at a price of $10.00 per unit. Except for the foregoing, the terms
of such Working Capital Loans, if any, have not been determined and