Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 21

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 21
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 would be used to repay the Working Capital Loans. The Working Capital
Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lenders’ discretion, up to
$1,500,000 of such Working Capital Loans may be convertible into private placement units at a price of $10.00 per unit. Except for the
foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such
loans. As of September 30, 2025 and December 31, 2024, the Company had no outstanding Working Capital Loans.

NOTE 6: COMMITMENTS AND CONTINGENCIES

Registration Rights

The holders of the (i) Founder
Shares, which were issued in a private placement prior to the closing of the Initial Public Offering, (ii) Private Placement Units (including
Private Placement Shares and Private Placement Rights), which were issued in a Private Placement simultaneously with the closing of the
Initial Public Offering and the Class A ordinary shares underlying such Private Placement Units, and (iii) Private Placement Units and
the Class A ordinary shares underlying such Private Placement Units that may be issued upon conversion of any Sponsor funded, have registration
rights to require the Company to register a sale of any of securities held by holders of the securities pursuant to a registration rights
agreement that was signed prior to the effective date of the Initial Public Offering. The holders of these securities are entitled to
make up to three demands, excluding short form registration demands, that the Company register such securities. In addition, the holders
have certain “piggy-back” registration rights with respect to registration statements filed subsequent to completion of initial
business combination and rights to require to register for resale such securities pursuant to Rule 415 under the Securities Act. However,
the registration rights agreement provides that the Company is not required to effect or permit any registration or cause any registration
statement to become effective until termination of the applicable lock-up period.

14

 Underwriting Agreement

On September 5, 2025, the underwriters
exercised their over-allotment option in full to purchase 3,000,000 additional Units at the Initial Public Offering price, less the underwriting
discounts and commissions.

The underwriters were entitled
to cash underwriting fees of $0.15 per Unit, or $3,450,000 in the aggregate, paid upon the closing of the Initial Public Offering. In
add