Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 64

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 64
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 preferences as may be determined from time to time by the Company’s board of directors. As of September 30, 2025 and December
31, 2024, there were no preference shares issued or outstanding.

Class A Ordinary
Shares — The Company is authorized to issue 200,000,000 Class A ordinary share with a par value of $0.0001
per share. As of September 30, 2025, there were 655,500 Class A ordinary shares issued and outstanding, excluding 23,000,000 Class A ordinary
shares subject to possible redemption (none as of December 31, 2024).

Class B Ordinary
Shares — The Company is authorized to issue 20,000,000 Class B ordinary shares with a par value of $0.0001
per share. On May 30, 2023, the Company issued an aggregate of 5,750,000 Founder Shares to the Sponsor for an aggregate purchase price
of $25,000, or approximately $0.004 per share. As of September 30, 2025 and December 31, 2024, there were 5,750,000 Class B ordinary
shares issued and outstanding.

Holders of the Class B
ordinary shares have the right to appoint all the Company’s directors prior to an initial Business Combination. On any other matter
submitted to a vote of the Company’s shareholders, holders of the Class A ordinary shares and holders of the Class B ordinary
shares will vote together as a single class, except as required by law or share exchange rule; provided, that the holders of Class B
ordinary shares are be entitled to vote as a separate class to increase the authorized number of Class B ordinary shares. Each ordinary
share will have one vote on all such matters.

The Class B ordinary
shares will automatically convert into Class A ordinary shares at the time of the initial Business Combination, or earlier at the
option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share dividends, rights issuances, reorganizations,
recapitalizations and the like and will not have any redemption rights or be entitled to liquidating distributions if we do not consummate
an initial Business Combination.

Rights —
As of December 31, 2024, there were no rights issued or outstanding. On September 5, 2025, 3,285,