GSR IV Acquisition completes $230 million IPO on NASDAQ

GSR IV Acquisition Corp. (NASDAQ: GSRF) completed its initial public offering of 23 million units at $10.00 per unit, raising $230 million in gross proceeds. The offering included the full exercise of the underwriter's over-allotment option.

Each unit contains one Class A ordinary share and one-seventh of one right. Each whole right entitles the holder to receive one Class A ordinary share upon completion of an initial business combination. The company will not issue fractional rights upon unit separation.

The units began trading on the Nasdaq Global Market under the ticker symbol "GSRFU" on September 4, 2025. The Class A ordinary shares and rights will trade separately under the symbols "GSRF" and "GSRFR" respectively once separate trading begins.

Polaris Advisory Partners LLC and The Benchmark Company, LLC served as joint bookrunners for the offering. Polaris is wholly owned by GSRF's management, requiring Benchmark to act as a Qualified Independent Underwriter.

The Securities and Exchange Commission declared the company's Form S-1 registration statement effective on September 2, 2025. GSRF is a blank check company incorporated in the Cayman Islands, formed to pursue mergers or business combinations with operating companies.

The company's management team includes co-CEOs Gus Garcia and Lewis Silberman, President and CFO Anantha Ramamurti, and Chief Business Development Officer Yuya Orime. GSRF plans to target companies with growth prospects and attractive cash flow dynamics that would benefit from public market access.

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