Company: GSRF
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001213900-25-056174
Chunk: 193

Company: GSR IV Acquisition Corp.
Filing Date: 2025-06-20
Form: DRS
Chunk 193
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 our board of directors and a majority of our independent directors; •if we seek shareholder approval, we will complete our initial business combination only if we obtain the approval of an ordinary resolution under Cayman Islands law, which requires the affirmative vote of a simple majority of the votes cast by shareholders, voting together as a single class, who, being entitled to do so, attend and vote (either in person or by proxy) at a general meeting of the company; •if our initial business combination is not consummated within 18months (or up to 21months at the discretion of GSR Sponsor) from the closing of this offering, then our existence will terminate and we will distribute all amounts in the trust account; and •prior to our initial business combination, we may not issue additional ordinary shares that would entitle the holders thereof to (1) receive funds from the trust account or (2) vote as a class with our public shares on any initial business combination. In addition, our amended and restated memorandum and articles of association will provide that under no circumstances will we redeem our public shares in an amount that would cause our net tangible assets to be less than $5,000,001 (less permitted withdrawals and up to $100,000 of interest to pay dissolution expenses) either immediately prior to or upon consummation of our initial business combination, or otherwise we are exempt from the provisions of Rule 419 promulgated under the Securities Act (so that we are not subject to the SEC’s “penny stock” rules). These provisions cannot be amended without the approval of a special resolutions, which requires the approval of holders of at least two -thirdsof our ordinary shares who, being entitled to do so, attend and vote (either in person or by proxy) in a general meeting. In the event we seek shareholder approval in connection with our initial business combination, our amended and restated memorandum and articles of association provide that we may consummate our initial business combination only if approved by a majority of the ordinary shares voted by our shareholders at a duly held general meeting. A quorum for such meeting will be present if the holders of one -thirdof issued and outstanding shares entitled to vote at the meeting are represented in person or by proxy. Additionally, our amended and restated memorandum and articles of association provide that, prior to our initial business combination, only holders of our founder shares will have the right to vote on the appointment of directors and that holders of a majority of our founder shares may remove a member of the board