Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 51

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 51
---
 absence
of retained earnings, additional paid-in capital. Accretion associated with the redeemable Class A ordinary shares is excluded from earnings
per share as the redemption value approximates fair value.

Each public shareholder may
elect to redeem their Public Shares without voting and, if they do vote, irrespective of whether they vote for or against the proposed
transaction. In addition, initial shareholders, directors and officers have entered into a letter agreement, pursuant to which they have
agreed to waive their redemption rights with respect to any Founder Shares (as defined below) and Public Shares held by them in connection
with the completion of a Business Combination.

Notwithstanding the foregoing
redemption rights, the Company’s amended and restated memorandum and articles of association provide that a public shareholder,
together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group”
(as defined under Section 13 of the Exchange Act), is restricted from redeeming its shares with respect to more than an aggregate of 15%
of the shares sold in this offering, without the prior consent of the Company.

Completion Window

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. If the Company seeks shareholder approval to extend beyond the 21-month period in which to complete an initial Business
Combination to a later date, the Company is required to offer public shareholders the right to have their public ordinary shares redeemed
for a pro rata share of the aggregate amount then on deposit in the Trust Account, including interest (less permitted withdrawals and
up to $100,000 of interest to pay dissolution expenses). There are no limitations to the number of times that the Company may seek shareholder
approval or that shareholders may approve to extend beyond the 21-month period in which to complete a Business Combination at a later
date. If the initial Business Combination is not completed within the