GSR V Acquisition Corp. Announces the Pricing of its $200.0 Million Initial Public Offering
Rhea-AI Summary
GSR V Acquisition Corp (NASDAQ: GSRV) priced its initial public offering of 20,000,000 units at $10.00 per unit, targeting $200 million in gross proceeds. Units will begin trading May 14, 2026 on Nasdaq as GSRVU, with closing expected May 15, 2026.
Each unit includes one Class A share and 1/7 of a right, with each whole right converting into one Class A share upon completion of an initial business combination. Underwriters hold a 45-day option for up to 3,000,000 additional units.
AI-generated analysis. Not financial advice.
Positive
- $200 million gross proceeds targeted from 20,000,000 units at $10.00
- Nasdaq Global Market listing of units under ticker GSRVU from May 14, 2026
- Potential additional $30 million via 3,000,000-unit over-allotment option
- Unit structure includes rights that may convert into additional Class A shares
Negative
- Rights structure implies potential future dilution when converted into Class A shares
- Polaris, a management-controlled advisory firm, acts as joint bookrunner, requiring a Qualified Independent Underwriter
New York, NY, May 13, 2026 (GLOBE NEWSWIRE) -- GSR V Acquisition Corp. (NASDAQ: GSRV) (“GSRV” 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, May 14, 2026, under the ticker symbol “GSRVU.” 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 “GSRV” and “GSRVR,” respectively. The offering is expected to close May 15, 2026, subject to customary closing conditions. GSRV 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, 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 GSRV. 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 May 13, 2026 (File No. 333-295415). 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 V Acquisition Corp.
GSRV 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
