Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 69

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 69
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,555,000, the amount of $6,550,000
from the sale of the Private Placement Units are added to the net proceeds from the Initial Public Offering held in the Trust Account
and the balance of $5,000 is receivable from the Sponsor, which is presented as an increase to stockholders’ deficit.

18

If the Company is unable to
complete an initial Business Combination within the 18 or 21-month period after the closing of the Initial Public Offering (the “Completion
Window”), it may seek an amendment to amended and restated memorandum and articles of association to extend the period of time to
complete an initial Business Combination beyond 21 months. The Company’s amended and restated memorandum and articles of association
requires at least a special resolution of shareholders as a matter of Cayman Islands law, meaning that such an amendment be approved by
at least two-thirds of ordinary shares who, being entitled to do so, attend and vote (either in person or by proxy) at a general meeting
of the company. 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