GSR IV Acquisition Corp. Announces the Pricing of its $200.0 Million Initial Public Offering
GSR IV Acquisition Corp. (NASDAQ: GSRF) has announced the pricing of its initial public offering, offering 20 million units at $10.00 per unit, targeting aggregate gross proceeds of $200 million.
Each unit comprises one Class A ordinary share and one-seventh of one right, with whole rights enabling holders to receive one Class A ordinary share upon business combination completion. Trading begins September 4, 2025, under symbol "GSRFU" on Nasdaq, with separate trading of shares and rights under "GSRF" and "GSRFR" respectively.
The company granted underwriters a 45-day option to purchase up to 3 million additional units. Polaris Advisory Partners and The Benchmark Company are serving as joint bookrunners, with Benchmark acting as Qualified Independent Underwriter.
GSR IV Acquisition Corp. (NASDAQ: GSRF) ha annunciato il prezzo della sua offerta pubblica iniziale, offrendo 20 milioni di unità a 10,00 $ per unità, con l'obiettivo di raccogliere complessivamente 200 milioni di dollari.
Ciascuna unità comprende una azione ordinaria di classe A e un settimo di diritto; i diritti interi consentiranno ai titolari di ricevere una azione ordinaria di classe A al completamento di una combinazione aziendale. Le negoziazioni inizieranno il 4 settembre 2025 sul Nasdaq con il simbolo "GSRFU", mentre azioni e diritti verranno negoziati separatamente sotto i simboli "GSRF" e "GSRFR".
La società ha concesso agli underwriter un'opzione di 45 giorni per acquistare fino a 3 milioni di unità aggiuntive. Polaris Advisory Partners e The Benchmark Company agiranno come joint bookrunners, con Benchmark in qualità di Qualified Independent Underwriter.
GSR IV Acquisition Corp. (NASDAQ: GSRF) anunció el precio de su oferta pública inicial, ofreciendo 20 millones de unidades a 10,00 $ por unidad, con el objetivo de recaudar un total bruto de 200 millones de dólares.
Cada unidad consiste en una acción ordinaria Clase A y una séptima parte de un derecho; los derechos completos permitirán a sus titulares recibir una acción ordinaria Clase A al cierre de una combinación empresarial. Las negociaciones comienzan el 4 de septiembre de 2025 en Nasdaq bajo el símbolo "GSRFU", y las acciones y los derechos se negociarán por separado bajo "GSRF" y "GSRFR", respectivamente.
La compañía otorgó a los suscriptores una opción de 45 días para comprar hasta 3 millones de unidades adicionales. Polaris Advisory Partners y The Benchmark Company actuarán como joint bookrunners, siendo Benchmark el Qualified Independent Underwriter.
GSR IV Acquisition Corp. (NASDAQ: GSRF)는 공모가 결정되었음을 발표했으며, 단가 10.00달러로 2,000만 단위를 발행해 총 2억 달러의 총수익을 목표로 하고 있습니다.
각 단위는 클래스 A 보통주 1주와 1/7 권리 1개로 구성되며, 권리가 전부인 경우 회사 합병 완료 시 보유자는 클래스 A 보통주 1주를 받게 됩니다. 거래는 2025년 9월 4일부터 나스닥에서 "GSRFU"로 시작되며, 보통주와 권리는 각각 "GSRF", "GSRFR"로 별도 거래됩니다.
회사는 인수단에게 최대 300만 단위까지 추가 매입할 수 있는 45일 옵션을 부여했습니다. Polaris Advisory Partners와 The Benchmark Company가 공동 북러너로 참여하며, Benchmark가 Qualified Independent Underwriter로 활동합니다.
GSR IV Acquisition Corp. (NASDAQ: GSRF) a annoncé le prix de son introduction en bourse, proposant 20 millions d'unités à 10,00 $ l'unité, visant un produit brut total de 200 millions de dollars.
Chaque unité comprend une action ordinaire de classe A et un septième de droit ; les droits entiers permettront aux détenteurs de recevoir une action ordinaire de classe A lors de la réalisation d'une opération de regroupement d'entreprises. Les transactions débuteront le 4 septembre 2025 sur le Nasdaq sous le symbole "GSRFU", les actions et les droits étant négociés séparément sous "GSRF" et "GSRFR" respectivement.
La société a accordé aux souscripteurs une option de 45 jours pour acheter jusqu'à 3 millions d'unités supplémentaires. Polaris Advisory Partners et The Benchmark Company agissent en tant que co-chefs de file, Benchmark jouant le rôle de Qualified Independent Underwriter.
GSR IV Acquisition Corp. (NASDAQ: GSRF) hat den Preis seines Börsengangs festgelegt und bietet 20 Millionen Einheiten zu je 10,00 $ an, mit dem Ziel, brutto 200 Millionen Dollar zu erzielen.
Jede Einheit besteht aus einer Stammaktie der Klasse A und einem Siebtel eines Rechts; vollständige Rechte berechtigen die Inhaber beim Abschluss einer Unternehmenszusammenführung zum Erhalt einer Klasse-A-Stammaktie. Der Handel beginnt am 4. September 2025 an der Nasdaq unter dem Symbol "GSRFU", wobei Aktien und Rechte getrennt unter "GSRF" bzw. "GSRFR" gehandelt werden.
Das Unternehmen gewährte den Underwritern eine 45-tägige Option zum Kauf von bis zu 3 Millionen zusätzlichen Einheiten. Polaris Advisory Partners und The Benchmark Company fungieren als Joint Bookrunners, wobei Benchmark als Qualified Independent Underwriter auftritt.
- IPO aims to raise substantial $200 million in gross proceeds
- Additional 3 million unit over-allotment option provides flexibility for market demand
- Structured unit offering includes rights component, providing potential additional value for investors
- Potential conflict of interest as Polaris is wholly owned by GSRF management
- No specific business combination target identified yet, typical SPAC uncertainty
- Rights structure may lead to future dilution upon business combination
Insights
GSR IV Acquisition Corp raises $200M in SPAC IPO at $10/unit with unique 1/7th right structure, begins trading September 4.
GSR IV Acquisition Corp (GSRF) has priced its initial public offering at
The SPAC's units begin trading September 4 on Nasdaq under ticker GSRFU, with the shares and rights eventually trading separately as GSRF and GSRFR. This structure is somewhat atypical, as most SPACs offer warrant components rather than rights. The 1/7th right structure provides less potential dilution than typical warrant offerings.
An interesting governance aspect: Polaris Advisory Partners (formerly SPAC Advisory Partners), a division of Kingswood Capital Partners, is serving as joint bookrunner despite being wholly owned by GSRF management. This related-party transaction required Benchmark Company to act as a Qualified Independent Underwriter to manage potential conflicts of interest.
The underwriters have a 45-day option to purchase up to 3 million additional units to cover overallotments, potentially bringing total proceeds to
New York, NY, Sept. 03, 2025 (GLOBE NEWSWIRE) -- GSR IV Acquisition Corp. (NASDAQ: GSRF) (“GSRF” or the “Company”) announced today the pricing of its initial public offering of 20,000,000 units at a price of
The units will be listed on the Nasdaq Global Market LLC (“Nasdaq”) and begin trading tomorrow, September 4, 2025, under the ticker symbol “GSRFU.” Each unit consists of one of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and one-seventh (1/7th) of one right (the “Rights”), with each whole right entitling the holder thereof to receive one Class A Ordinary Share upon the consummation of an initial business combination. No fractional rights will be issued upon separation of the units and only whole rights will trade. Once the securities comprising the units begin separate trading, the Class A Ordinary Shares and Rights are expected to be listed on the Nasdaq under the symbols “GSRF” and “GSRFR,” respectively. The offering is expected to close September 5, 2025, subject to customary closing conditions. GSRF has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units, at the initial public offering price to cover over-allotments, if any.
Polaris Advisory Partners LLC (formerly known as SPAC Advisory Partners, LLC), a division of Kingswood Capital Partners LLC (“Polaris”), and The Benchmark Company, LLC (“Benchmark”) are acting as joint bookrunners for the initial public offering. Polaris is a financial advisory firm wholly owned and controlled by the management of GSRF. Consequently, Benchmark acted as a Qualified Independent Underwriter on the transaction.
A registration statement related to these securities has been filed on Form S-1 with the Securities and Exchange Commission and became effective on September 2, 2025 (File No. 333- 289061). The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, by contacting Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S, New York, NY 10022, or by calling 212-487-1080 or emailing Syndicate@kingswoodUS.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About GSR IV Acquisition Corp.
GSRF is a newly incorporated, blank check company formed in the Cayman Islands for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to identify companies with compelling public-market narratives, high visibility of growth prospects, and attractive cash flow dynamics now or in the near future, where a public listing, financing from an initial business combination and access to public capital markets will enable the target to build on its competitive advantages and allow the target company to further accelerate its growth profile.
The Company’s management team is comprised of co-CEOs Mr. Gus Garcia and Mr. Lewis Silberman, President & CFO Mr. Anantha Ramamurti, and CBDO Mr. Yuya Orime.
Forward-Looking Statements
This press release includes forward-looking statements. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC, any of which could cause actual results to differ from such forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
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Company contact:
Anantha Ramamurti
President & CFO
anantha@gsrspac.com
FAQ
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