Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 90

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 90
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30, 2025 relates to our formation and our Initial Public Offering
which is described below, and since the Initial Public Offering, our search for a Business Combination. We will not generate any operating
revenues until after the completion of our initial Business Combination, at the earliest. We generate non-operating income from the proceeds
held in a trust account (the “Trust Account”) with Odyssey Transfer and Trust Company acting as trustee. We have selected
December 31 as our fiscal year end.

Initial Public Offering and Private Placement

The registration statement
for the Company’s Initial Public Offering was declared effective on September 2, 2025. On September 5, 2025, the
Company consummated the Initial Public Offering of 23,000,000 Units including 3,000,000 additional public units as the underwriters’
over-allotment option was exercised in full, at $10.00 per Unit, generating gross proceeds of $230,000,000.

Simultaneously with the consummation
of the Initial Public Offering and the sale of the Units, the Company consummated the Private Placement of 655,500 units including 45,000
additional Private Placement Units as the underwriters’ over-allotment option was exercised in full to the Sponsor, at a price of
$10.00 per Private Placement Unit, generating total proceeds of $6,555,000. Out of the aggregate amount of $6,555,000, the amount of $6,550,000
from the sale of the Private Placement Units are added to the net proceeds from the Initial Public Offering held in the Trust Account
and the balance of $5,000 is receivable from the Sponsor, which is presented as an increase to stockholders’ deficit.

18

If the Company is unable to
complete an initial Business Combination within the 18 or 21-month period after the closing of the Initial Public Offering (the “Completion
Window”), it may seek an amendment to amended and restated memorandum and articles of association to extend the period of time to
complete an initial Business Combination beyond 21 months. The Company’s amended and restated memorandum and articles of association
requires at least a special resolution of shareholders as a matter of Cayman Islands law, meaning that such an amendment be approved by
at least two-thirds of ordinary shares who, being entitled to do so, attend and vote (either in person or by proxy) at a general meeting
of the company