Company: GSRF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111032
Chunk: 23

Company: GSR IV Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 23
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The Class B ordinary
shares will automatically convert into Class A ordinary shares at the time of the initial Business Combination, or earlier at the
option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share dividends, rights issuances, reorganizations,
recapitalizations and the like and will not have any redemption rights or be entitled to liquidating distributions if we do not consummate
an initial Business Combination.

Rights —
As of December 31, 2024, there were no rights issued or outstanding. On September 5, 2025, 3,285,714 Public Rights and 93,642 Private
Placement Rights were issued as part of the Initial Public Offering and Private Placement, respectively.

The gross proceeds of the
Initial Public Offering were allocated to the Public Rights based on relative value, with $4,107,143 recorded in shareholders’ deficit
related to the Public Rights on September 5, 2025. The rights are not remeasured to fair value on a recurring basis.

As of September 30, 2025,
there were 3,285,714 Public Rights and 93,642 Private Placement Rights outstanding. Each holder of one right will receive one Class A
ordinary share upon the consummation of the initial Business Combination, whether or not the Company will be the surviving entity, even
if the holder of a Public Right converted all Class A ordinary shares held by them or it in connection with the initial Business Combination
or an amendment to the Company’s memorandum and articles of association with respect to Company’s pre-business combination
activities. In the event the Company will not be the survivor upon completion of the initial Business Combination, each holder of rights
will be required to affirmatively convert their rights in order to receive the Class A ordinary shares underlying the rights (without
paying any additional consideration) upon consummation of the Business Combination. The Company will not issue fractional Class A ordinary
shares in connection with an exchange of rights. Fractional Class A ordinary shares will either be rounded down to the nearest whole share
or otherwise addressed in accordance with the applicable provisions of Cayman Islands law. If the Company is unable to complete an initial
Business Combination within the Completion Window and the Company redeems the Public Shares from the funds held in the Trust Account,
holders of rights will not receive any of such funds for their rights and the rights will expire worthless. 

15

NOTE 8. FAIR VALUE