# EDGAR Filing Document

**Accession Number:** 0002072404
**File Stem:** 0000000000-25-007605
**Filing Date:** 2025-7
**Character Count:** 12514
**Document Hash:** 9798880e9d4aee6c193458a2cf96b24c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-007605.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0000000000-25-007605

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250717

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GSR IV Acquisition Corp.
- **CENTRAL INDEX KEY:** 0002072404
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-08129

**BUSINESS ADDRESS:**
- **STREET 1:** 5900 BALCONES DRIVE
- **STREET 2:** SUITE 100
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78731
- **BUSINESS PHONE:** 914-369-4400

**MAIL ADDRESS:**
- **STREET 1:** 5900 BALCONES DRIVE
- **STREET 2:** SUITE 100
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78731
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-25-056174

## Text-Extract

```

                                                             July 17, 2025

Gus Garcia
Co-Chief Executive Officer
GSR IV Acquisition Corp.
5900 Balcones Drive, Suite 100
Austin, TX 78731

       Re: GSR IV Acquisition Corp.
           Draft Registration Statement on Form S-1
           Submitted June 20, 2025
           CIK No.: 0002072404
Dear Gus Garcia:

       We have reviewed your draft registration statement and have the
following comments.

       Please respond to this letter by providing the requested information and
either
submitting an amended draft registration statement or publicly filing your
registration
statement on EDGAR. If you do not believe a comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

      After reviewing the information you provide in response to this letter
and your
amended draft registration statement or filed registration statement, we may
have additional
comments.

Draft Registration Statement on Form S-1
Cover page

1.     We note the reference to the dilution risk from the additional issuance
of securities
       that may occur as a result of the conversion of certain loans. Please
also discuss
       whether the other compensation to be paid and securities issued to the
sponsor, its
       affiliates, and promoters may result in a material dilution of the
purchasers    equity
       interests. See Item 1602(a)(3) of Regulation S-K.
2.     Please state whether the redemptions will be subject to any limitations.
In this regard,
       we note your $5,000,001 net tangible asset requirement and the
redemption limitation
       for shareholders holding more than 15% of the shares sold in the
offering. See Item
       1602(a)(2) of Regulation S-K.
 July 17, 2025
Page 2
3.     Please revise to explain the first time the term is used on your cover
page that your
       "permitted withdrawals" include the ability to use interest earned on
the funds in your
       trust account for working capital requirements.
Summary, page 1

4.     With a view toward disclosure, please tell us whether your sponsor is,
is controlled
       by, has any members who are, or has substantial ties with, a non-U.S.
person.
5.     We refer to your disclosure in Note 4 on page F-13 regarding the
anti-dilution
       adjustments that may result in the issuance of additional securities to
the sponsor, its
       affiliates and promoters in connection with the conversion of founder
shares to Class
       A shares in order to maintain the number of founder shares at 20%.
Please revise to
       describe such anti-dilution adjustments on the cover page, here, and in
the tabular
       disclosure on page 6. State whether and the extent to which these
securities issuances
       may result in a material dilution of the purchaser   s equity interests,
as required by
       Items 1602(a)(3) and 1602(b)(6) of Regulation S-K.
6.     Please revise your tabular disclosures starting on pages 7 and 96 to
also discuss the
       lock-up agreement you have with your underwriter, as referenced in your
disclosures,
       such as on page 167, and expand on your reference to your sponsor
members to
       disclose the natural persons and entities subject to the transfer
restrictions. Refer to
       Item 1603(a)(9) of Regulation S-K.
7.     We note your various disclosures that if you seek shareholder approval
of your initial
       business combination, GSR Sponsor, your directors, officers, advisors or
any of their
       affiliates may purchase public shares or rights in privately negotiated
transactions or
       in the open market either prior to or following the completion of your
initial business
       combination, and your reference to compliance with Tender Offers and
Schedules
       CD&I 166.01. However, we also note your statement on page 106 that the
purpose of
       such a transaction could be to vote in favor of the business combination
and your
       disclosure on page 43 indicating that the price could be different than
the redemption
       price. To the extent applicable, please revise to reconcile your
disclosures, or advise.
Additional Disclosures, page 10

8.     You state here and elsewhere that you are not aware of any fiduciary
duties or
       contractual obligations of your officers or directors that will
materially affect your
       ability to complete your initial business combination, because the only
special purpose
       acquisition company that one of your directors is also a director of has
already
       identified a business combination target. However, we note that in
addition to GSR III
       Acquisition Corp., Mr. Silberman is also a director of Chain Bridge I,
which appears
       to have terminated its agreement with its prior business combination
target. Please
       revise your disclosures as appropriate to discuss this conflict, or
advise.
Founder shares, page 17

9.     You state here and elsewhere in your prospectus that in addition to the
founder shares,
       you would need 28.2% of the public shares to approve an initial business
       combination, and that if only the minimum number of shares representing
a quorum
       are voted, you would only need one public share. Please explain to us
these
       calculations. In this regard, for example, we note your statement that a
quorum is
 July 17, 2025
Page 3

       present if one-third of the outstanding shares are represented.
Manner of conducting redemptions, page 24

10.    You state on page 26 and elsewhere in your prospectus that you will not
consummate
       a business combination unless you have net tangible assets of "at least
$5,000,001,"
       but that this amount is "less permitted withdrawals and up to $100,000
of interest to
       pay dissolution expenses." We also note your other disclosures
indicating that you
       will only consummate a business combination if your net tangible assets
will be at
       least $5,000,001, and that your risk factor on page 53 states that you
do not have a
       maximum redemption threshold. Please revise to reconcile or otherwise
clarify your
       disclosures.
Conflicts of interest, page 31

11.    Please expand your discussion in this section to discuss the conflict
arising from the
       sponsor and management's ownership of the founder shares, including that
the founder
       shares and rights will be worthless if the SPAC does not complete an
initial business
       combination within the allotted time.
Risk Factors, page 38

12.    We note numerous exceptions to the transfer restrictions in the table on
page 8. Please
       add risk factor disclosure about risks that may arise from the sponsor
having the
       ability to remove itself as your sponsor before identifying a business
combination,
       including through the unconditional ability to transfer the founder
shares or all or any
       portion of its membership interests in the sponsor. Address the
consequences of such
       removal to the company's ability to consummate an initial business
combination,
       including that any replacement sponsor could have difficulty finding a
target.
13.    Where you disclose the risk that you may be considered to be operating
as
       an unregistered investment company, please confirm that if your facts
and
       circumstances change over time, you will update your disclosure to
reflect how those
       changes impact the risk that you may be considered to be operating as an
unregistered
       investment company.
The ability of our public shareholders to redeem their shares for cash..., page
39

14.    Please include a risk factor that describes the potential material
effect on
       your shareholders of the stock buyback excise tax enacted as part of the
Inflation
       Reduction Act in August 2022. If applicable, include in your disclosure
that the excise
       tax could reduce the trust account funds available to pay redemptions or
that are
       available to the combined company following a de-SPAC transaction. Also
describe,
       if applicable, the risk that if existing SPAC investors elect to redeem
their shares such
       that their redemptions would subject the SPAC to the stock buyback
excise tax, the
       remaining shareholders that did not elect to redeem may economically
bear the impact
       of the excise tax.
Our rights agreement will designate the courts of the State of New York...,
page 65

15.    We note that your forum selection provision identifies the courts of the
State of
       New York or the United States District Court for the Southern District
of New York
 July 17, 2025
Page 4

       as the exclusive forum for certain litigation, arising out of or
relating in any way to the
       rights agreement. Please disclose whether this provision applies to
actions arising
       under the Securities Act. If so, please state that there is uncertainty
as to whether a
       court would enforce such provision. If the provision applies to
Securities Act claims,
       please also state that investors cannot waive compliance with the
federal securities
       laws and the rules and regulations thereunder. In that regard, we note
that Section 22
       of the Securities Act creates concurrent jurisdiction for federal and
state courts over
       all suits brought to enforce any duty or liability created by the
Securities Act or the
       rules and regulations thereunder.
Use of Proceeds, page 78

16.    We note use of net proceeds not held in the trust account of $350,000
for office space
       and staffing support, which represents approximately 6 months of
payments at the rate
       of $55,556 per month pursuant to the proposed Administrative Services
Agreement.
       Given that you have 18 months to complete the initial business
combination, please
       advise why you have not included costs assuming you continue for that
period of time
       and how you expect to cover those costs if not from proceeds held
outside the
       trust. To the extent you intend to use interest earned on the funds held
in the trust
       account to fund your expenses, please revise this section to reflect
such intention. In
       this regard, we refer to your disclosure on page 138.
Management, page 123

17.    You state that your board is classified into three classes and that it
will consist of six
       directors. Please update the table on page 123 to disclose the directors
and to specify
       which directors belong to each class. In addition, please revise your
disclosure to
       clarify the business experience, principal occupations, and employment
of each
       director and executive officer during the past five years. Refer to Item
401(e) of
       Regulation S-K.
        Please contact William Demarest at 202-551-3432 or Isaac Esquivel at
202-551-3395
if you have questions regarding comments on the financial statements and
related
matters. Please contact Ruairi Regan at 202-551-3269 or Dorrie Yale at
202-551-8776 with
any other questions.

                                                              Sincerely,

                                                              Division of
Corporation Finance
                                                              Office of Real
Estate & Construction
cc:   Steven B. Stokdyk, Esq.

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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