GSR IV Acquisition Corp. closes $230 million IPO with full over-allotment exercise
On September 5, 2025, the blank check company GSR IV Acquisition Corp. closed its initial public offering of 23,000,000 units at $10.00 each, including 3,000,000 units from the underwriter's full over-allotment option, for $230 million in gross proceeds. The $230 million was placed in a trust account pending a future business combination, and the company's auditor raised substantial doubt about its ability to continue as a going concern.
Key points
- 23,000,000 units sold at $10.00 per unit, including 3,000,000 over-allotment units, closed September 5, 2025, for $230 million gross proceeds
- 655,500 private placement units sold to GSR IV Sponsor LLC and Polaris Advisory Partners LLC for approximately $6,555,000
- $230 million placed in a trust account with Odyssey Transfer and Trust Company as trustee
- Deferred underwriting commissions of $9.2 million are payable only on completion of an initial business combination; MaloneBailey flagged substantial going-concern doubt
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 11, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.