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

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 10
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 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. 

7

Going Concern Consideration

In connection with the Company’s
assessment of going concern considerations in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards
Codification (“ASC”) 205-40, “Presentation of Financial Statements — Going Concern,” we have
determined that mandatory liquidation, should we not complete a Business Combination and an extension of our deadline to do so not be
approved by the shareholders of the Company, and potential subsequent dissolution and the liquidity issue raise substantial doubt about
the Company’s ability to continue as a going concern if it does not complete a Business Combination.

As of September 30, 2025,
the Company had $1,835,999 in its operating bank account and a working capital of $1,984,943. The Company has incurred and expects to
continue to incur significant costs as a publicly traded company, to evaluate business opportunities, and to close on a Business Combination.
Such costs will be incurred prior to generating any operating revenues. These factors also raise substantial doubt about the Company’s
ability to continue as a going concern within one year after the date that the financial statements are issued.

Management plans to complete
a Business Combination before the mandatory liquidation date and anticipates that the Company will have sufficient liquidity to fund its
operations until then. However, there can be no assurance that we will be able to consummate a Business Combination within the Completion
Window or that liquidity will be sufficient to fund operations. The financial statements do not include any adjustments relating to the
recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue
as a going concern.

Risks and Uncertainties

Management continues to evaluate
the impact of significant global events such as the Russia/Ukraine and