GSR V Acquisition closes $230 million IPO after full over-allotment exercise
GSR V Acquisition Corp., a blank check company, closed its initial public offering of 23,000,000 units at $10.00 per unit on May 15, 2026, for gross proceeds of $230,000,000, including the underwriter's full exercise of its over-allotment option. The company placed $230,000,000 in a U.S. trust account, and it must complete an initial business combination within 18 months of the IPO closing, or up to 21 months at the sponsor's discretion, or return public shares.
Key points
- 23,000,000 units sold at $10.00 each, for gross proceeds of $230,000,000, including 3,000,000 units from the over-allotment option
- $230,000,000 placed in a trust account with Odyssey Transfer and Trust Company on May 15, 2026
- Private sale of 671,000 private placement units for approximately $6,710,000 to the sponsor and Polaris Advisory Partners
- Deadline to complete a business combination is 18 months from the IPO closing, or up to 21 months at the sponsor's discretion
The filing
Written by AI on Nov 9, 2026, 11:48 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 May 18, 2026.
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.