Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 72

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 72
---
317, respectively, which consisted of loss from operations consisting of general
and administrative expenses.

Contractual Obligations

Administrative Services Agreement

Commencing on September 5,
2024, the Company has entered into an agreement to pay the Sponsor a total of up to $55,556 per month for office space and administrative
and support services. Upon completion a Business Combination or its liquidation, the Company will cease paying these monthly fees. For
the three and nine months ended September 30, 2025, the Company incurred $55,556 in fees for these services which are included within
general and administrative expenses in the statements of operations (none for the three and nine months ended September 30, 2024). There
were no related amounts payable as of September 30, 2025 or December 31, 2024..

20

Promissory Note

On June 6, 2024, the
Sponsor agreed to loan the Company up to $300,000 pursuant to a promissory note (the “Note”). The Note was non-interest bearing,
unsecured and due upon the earlier of June 6, 2025 and the closing of the Initial Public Offering. On June 3, 2025, the Company
entered into an amendment to the Note, extending the maturity date to the earlier of June 6, 2026 and the closing of the Initial
Public Offering. As of September 30, 2025 and December 31, 2024, the Company had no outstanding balances under the Note, which became
due upon the closing of the Initial Public Offering.

Due to Related Party

The Sponsor pays certain costs
on behalf of the Company, with such amounts reflected as due to related party. These amounts are due on demand and non-interest bearing.
During the period from April 1, 2025 through September 5, 2025, the Sponsor paid certain costs totaling $168,559 on behalf of
the Company. Upon the closing of the Initial Public Offering, the Company repaid the outstanding balance of $168,559 due to related party
from the proceeds not held in the Trust Account, resulting in no balance due to related party as of September 30, 2025 (none as of December
31, 2024).

Working Capital Loans

In addition, in order to finance
transaction costs in connection with a Business Combination, the Sponsor, members of the Company’s founding team or any of their
affili