Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 22

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 22
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ition, the underwriters are entitled to deferred underwriting commissions of $0.40 per Unit, or $9,200,000 in the aggregate. The deferred
underwriting commissions will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the
Company completes a Business Combination, subject to the terms of the underwriting agreement.

NOTE 7: SHAREHOLDERS’ DEFICIT

Preference Shares — The
Company is authorized to issue 1,000,000 preference shares, par value $0.0001 per share, with such designations, voting and other rights
and preferences as may be determined from time to time by the Company’s board of directors. As of September 30, 2025 and December
31, 2024, there were no preference shares issued or outstanding.

Class A Ordinary
Shares — The Company is authorized to issue 200,000,000 Class A ordinary share with a par value of $0.0001
per share. As of September 30, 2025, there were 655,500 Class A ordinary shares issued and outstanding, excluding 23,000,000 Class A ordinary
shares subject to possible redemption (none as of December 31, 2024).

Class B Ordinary
Shares — The Company is authorized to issue 20,000,000 Class B ordinary shares with a par value of $0.0001
per share. On May 30, 2023, the Company issued an aggregate of 5,750,000 Founder Shares to the Sponsor for an aggregate purchase price
of $25,000, or approximately $0.004 per share. As of September 30, 2025 and December 31, 2024, there were 5,750,000 Class B ordinary
shares issued and outstanding.

Holders of the Class B
ordinary shares have the right to appoint all the Company’s directors prior to an initial Business Combination. On any other matter
submitted to a vote of the Company’s shareholders, holders of the Class A ordinary shares and holders of the Class B ordinary
shares will vote together as a single class, except as required by law or share exchange rule; provided, that the holders of Class B
ordinary shares are be entitled to vote as a separate class to increase the authorized number of Class B ordinary shares. Each ordinary
share will have one vote on all such matters