Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 97

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 97
---
 Report are any of the risks described in our final prospectus for the Initial Public Offering
dated September 3, 2025. Any of these factors could result in a significant or material adverse effect on our results of operations or
financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business
or results of operations. As of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in
our final prospectus for our Initial Public Offering, except we may disclose changes to such factors or disclose additional factors from
time to time in our future filings with the SEC.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds

On September 5, 2025, we consummated our Initial
Public Offering of 23,000,000 Units, which includes the exercise in full of the underwriters’ option to purchase an additional 3,000,000
Units 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 Private Placement Units, at a price
of $10.00 per Private Placement Unit, generating total proceeds of $6,555,000.

Transaction costs amounted to $13,509,096 consisting
of $3,450,000 of cash underwriting fees, $9,200,000 of deferred underwriting commissions which will be paid on the consummation of the
initial Business Combination, and $859,096 of other offering costs.

On September 5, 2025, a total of $230,000,000
of the net proceeds from the sale of the Units in the Initial Public Offering and the Private Placement were deposited in a Trust Account established for
the benefit of the Company’s public shareholders with Odyssey Transfer and Trust Company acting as trustee.

For a description of the use of the proceeds generated
in our Initial Public Offering, see Part I, Item 2 of this Quarterly Report on Form 10-Q.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

None.

Item 5. Other Information

None.

23

Item 6. Exhibits.

    Exhibit No.
     
    Description of Exhibits
  
    1.1
     
    Underwriting Agreement,
    dated September