Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 8

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 8
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 amendments to the amended and restated memorandum and articles of association prior thereto
or to redeem 100% of the Public Shares if the Company does not complete the initial Business Combination within the completion window;
or (B) with respect to any other material provision relating to shareholders’ rights or pre-initial Business Combination activity;
or (iii) absent an initial Business Combination within the completion window, from the closing of Initial Public Offering, return of the
funds held in the Trust Account to public shareholders as part of redemption of the Public Shares.

6

The Nasdaq listing rules
require that the initial Business Combination must be with one or more operating businesses or assets with a fair market value equal to
at least 80% of the assets held in the Trust Account (net of permitted withdrawals and excluding the deferred underwriting commissions).
Management may, however, structure an initial Business Combination such that the post-transaction company owns or acquires less than 100%
of such interests or assets of the target business in order to meet certain objectives of the target management team or shareholders or
for other reasons, but will only complete such Business Combination if the post-transaction company owns or acquires 50% or more of the
issued and outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient
for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment
Company Act”).

The Company is required to
provide its public shareholders with the opportunity to redeem, regardless of whether they abstain, vote for, or against, the initial
Business Combination, all or a portion of their Public Shares upon the completion of the initial Business Combination either (1) in connection
with a general meeting called to approve the Business Combination or (2) by means of a tender offer.

All of the Class A ordinary
shares sold as part of the units in this offering contain a redemption feature which allows for the redemption of such Public Shares in
connection with liquidation, if there is a shareholder vote or tender offer in connection with initial Business Combination and in connection
with certain amendments to second amended and restated memorandum and articles of association. In accordance with SEC guidance on redeemable
equity instruments, which has been codified in ASC 480-10-S99, redemption provisions not solely within the control of a company require
ordinary shares subject to redemption to be classified outside of permanent equity. Accordingly, all of the Public Shares were presented