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AI brief of an SEC Form 8-K · GSR V Acquisition Corp. (GSRV)

GSR V Acquisition Corp. closes $230 million IPO of 23 million units

Neutral Impact 3 of 5 financing Written later

On May 15, 2026, GSR V Acquisition Corp., a blank check company, closed its initial public offering of 23,000,000 units at $10.00 each, including 3,000,000 units from the underwriters' over-allotment option, for $230 million in gross proceeds. The full $230 million was placed in a trust account with Odyssey Transfer and Trust Company, and the company's auditor expressed substantial doubt about its ability to continue as a going concern, citing limited cash and ongoing costs of pursuing a business combination.

Key points

  • 23,000,000 units sold at $10.00 per unit, including 3,000,000 over-allotment units exercised in full, for $230 million in gross proceeds
  • 671,000 private placement units sold at $10.00 each to GSR IV Sponsor LLC and SPAC Advisory Partners LLC, for about $6.71 million
  • $230 million placed in a trust account with Odyssey Transfer and Trust Company, as shown on the May 15, 2026 balance sheet
  • Cash of $2.2 million as of May 15, 2026; auditor Adeptus Partners, LLC cited substantial doubt about going concern

The filing

CompanyGSR V Acquisition Corp. (GSRV)
Form8-K, current report
Filed with the SECMay 21, 2026, 5:16 PM ET
Accession number0001213900-26-060154

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

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 21, 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.