Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 18

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 18
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 Company’s financial
statements.

NOTE 3. INITIAL PUBLIC OFFERING

Pursuant to the Initial Public
Offering, the Company sold 23,000,000 Units (including underwriters’ over-allotment exercise of 3,000,000 Units) at a purchase price
of $10.00 per Unit, generating gross proceeds of $230,000,000 to the Company which was placed in the Trust Account. Each Unit consists
of one Class A ordinary share and one-seventh of one public right (“Public Right”). Each whole right represents the right
to receive one Class A ordinary share upon the consummation of an initial Business Combination. No fractional rights will be issued upon
separation of the Units and only whole rights will trade. The underwriters have exercised their over-allotment option on consummation
of the Initial Public offering to purchase 3,000,000 additional Units to cover over-allotments.

12

NOTE 4. PRIVATE PLACEMENT

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 underwriters’
over-allotment exercise of 45,000 units at a price of $10.00 per Private Placement Unit), generating total proceeds of $6,555,000. Each
Private Placement Unit entitles the holder thereof to one Class A ordinary share and one-seventh of one private right (“Private
Placement Right”) to receive one Class A ordinary share upon the consummation of an initial Business Combination.

The Private Placement Units
have terms and provisions that are identical to the Units sold as part of the Initial Public Offering. The Private Placement Units (including
any Private Placement Shares, any Private Placement Rights and any Class A ordinary shares underlying the Private Placement Rights) are
not transferable, assignable or saleable until 30 days after the completion of an initial Business Combination except pursuant to limited
exceptions.

NOTE 5: RELATED PARTY TRANSACTIONS

Founder Shares

On May 30, 2023, the
Sponsor paid $25,000 to cover certain offering costs of the Company in consideration for 5,750,000 Class B ordinary shares (the “Founder
Shares”). It was expected that the initial shareholders would not have forfeited any Founder Shares even if the over-allotment option
was not exercised in full by the underwriters. The Founder Shares represent 20.0%