Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 15

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 15
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 and will adjust the carrying
value of redeemable shares to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial
Public Offering, the Company recognized the accretion from initial book value to redemption amount value. The change in the carrying value
of redeemable shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit.

10

Accordingly, on September 30,
2025, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’
deficit section of the Company’s balance sheet, as reconciled in the following table:

    Gross proceeds 
    $230,000,000 
  
    Less: Proceeds allocated to public rights 
     (4,107,143)
  
    Less: Ordinary share issuance cost 
     (13,209,275)
  
    Plus: Remeasurement of carrying value to redemption value 
     17,316,418 
  
    Ordinary shares subject to possible redemption, September 5, 2025 
    $230,000,000 
  
    Plus: Subsequent measurement of ordinary shares subject to possible redemption 
     662,819 
  
    Ordinary shares subject to possible redemption, September 30, 2025 
    $230,662,819 

Net Income (Loss) Per Ordinary Share

The Company complies with
the accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share”. Net income (loss) per ordinary share
is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding for the period. Accretion associated
with the redeemable ordinary shares is excluded from net income (loss) per ordinary share as the redemption value approximates fair value.

The calculation of diluted
income (loss) per ordinary share does not consider the effect of the rights issued in connection with the Initial Public Offering and
the Private Placement since the exercise of the rights is contingent upon the occurrence of future events. As of September 30, 2025 and
December 31, 2024, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted
into ordinary shares that then share in the earnings of the Company. As a result, diluted net income (loss) per ordinary share is the
same as basic net income (loss) per ordinary share for the periods presented.

The following