Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 92

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 92
---
 target businesses, reviewing corporate documents and material agreements
of prospective target businesses, selecting the target business to acquire and structuring, negotiating and consummating the Business
Combination.

If our estimates of the costs
of undertaking in-depth due diligence and negotiating our initial Business Combination is less than the actual amount necessary to do
so, or the amount of interest available to us from the Trust Account is less than we expect as a result of the current interest rate environment,
we may have insufficient funds available to operate our business prior to our initial Business Combination. Moreover, we may need to obtain
additional financing either to consummate our initial Business Combination or because we become obligated to redeem a significant number
of our public shares upon consummation of our initial Business Combination, in which case we may issue additional securities or incur
debt in connection with such Business Combination. Subject to compliance with applicable securities laws, we would only consummate such
financing simultaneously with the consummation of our initial Business Combination. Following our initial Business Combination, if cash
on hand is insufficient, we may need to obtain additional financing in order to meet our obligations.

19

Going Concern Consideration

In connection with the Company’s
assessment of going concern considerations in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards
Codification (“ASC”) 205-40, “Presentation of Financial Statements — Going Concern,” we have
determined that mandatory liquidation, should we not complete a Business Combination and an extension of our deadline to do so not be
approved by the shareholders of the Company, and potential subsequent dissolution and the liquidity issue raise substantial doubt about
the Company’s ability to continue as a going concern if it does not complete a Business Combination.

As of September 30, 2025,
the Company had $1,835,999 in its operating bank account and a working capital of $1,984,943. The Company has incurred and expects to
continue to incur significant costs as a publicly traded company, to evaluate business opportunities, and to close on a Business Combination.
Such costs will be incurred prior to generating any operating revenues. These factors also raise substantial doubt about the Company’s
ability to continue as a going concern within one year after the date that the financial statements are issued.

Management plans to complete
a Business Combination before the mandatory liquidation date and anticipates that the Company will have sufficient liquidity to fund its
operations until then. However, there can be no assurance that we will be able to consum