Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 91

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 91
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. If the Company seeks shareholder approval to extend beyond the 21-month period in which to complete an initial Business
Combination to a later date, the Company is required to offer public shareholders the right to have their public ordinary shares redeemed
for a pro rata share of the aggregate amount then on deposit in the Trust Account, including interest (less permitted withdrawals and
up to $100,000 of interest to pay dissolution expenses). There are no limitations to the number of times that the Company may seek shareholder
approval or that shareholders may approve to extend beyond the 21-month period in which to complete a Business Combination at a later
date. If the initial Business Combination is not completed within the Completion Window, the membership interests of the Sponsor become
worthless.

Liquidity and Capital Resources

As of September 30, 2025 and
December 31, 2024, we had $1,835,999 and zero, respectively, of cash held outside of the Trust Account, after payment of costs related
to the Initial Public Offering, and available for working capital purposes.

For the nine months ended
September 30, 2025 and 2024, cash used in operating activities was $325,194 and zero, respectively.

We intend to use substantially
all of the net proceeds of the Initial Public Offering, including the funds held in the Trust Account, to acquire a target business or
businesses and to pay our expenses relating thereto. To the extent that our share capital is used in whole or in part as consideration
to effect our initial Business Combination, the remaining proceeds held in the Trust Account as well as any other net proceeds not expended
will be used as working capital to finance the operations of the target business. Such working capital funds could be used in a variety
of ways including continuing or expanding the target business’ operations, for strategic acquisitions and for marketing, research
and development of existing or new products. Such funds could also be used to repay any operating expenses or finders’ fees which
we had incurred prior to the completion of our initial Business Combination if the funds available to us outside of the Trust Account
were insufficient to cover such expenses.

Over the next 18 to 21 months
(assuming a Business Combination is not consummated prior thereto), we will be using the funds held outside of the Trust Account for identifying
and evaluating prospective acquisition candidates, performing business due diligence on prospective target businesses, traveling to and
from the offices, plants or similar locations of prospective