[SCHEDULE 13G] GSR III Acquisition Corp. SEC Filing

Rhea-AI Filing Summary

Merus Global Investments, LLC reported beneficial ownership of 1,365,586 Class A ordinary shares of GSR III Acquisition Corp., representing 5.8% of the Class A shares outstanding. The percentage is calculated using 23,422,500 outstanding shares reported by the issuer as of August 11, 2025.

The filing states Merus holds sole voting and dispositive power over these shares and that the holdings were not acquired to change or influence control of the issuer. The document is a routine Schedule 13G disclosure of a >5% passive stake.

Positive

• Material disclosure of a >5% stake (1,365,586 shares, 5.8%) provides transparency to investors
• Sole voting and dispositive power is clearly stated, removing ambiguity about control of the reported shares

Negative

• None.

Insights

Securities Analyst

TL;DR: A passive investor reports a >5% stake, signaling meaningful ownership but asserting no intent to influence control.

Merus Global Investments discloses a 5.8% position with sole voting and dispositive power, calculated from 23,422,500 shares outstanding as of August 11, 2025. As a Schedule 13G, the filing indicates a passive holding rather than an activist approach, which typically reduces near-term governance risk. For investors, the key metric is the >5% threshold: it is material enough to merit monitoring but the filing contains an explicit certification that the stake is not intended to change control.

Corporate Governance Expert

TL;DR: Disclosure of sole voting power at 5.8% is material for governance tracking but does not imply activist intent.

The holder reports sole voting and dispositive power over 1,365,586 shares, which meets the reporting threshold and provides Merus with a tangible voice at shareholder meetings if exercised. However, the attestation that the holdings are not for influencing control aligns with a passive investor profile under Rule 13d-1(b). Governance implications are limited unless future amendments indicate coordinated action or additional accumulation.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

GSR III Acquisition Corp.

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G4R103107

(CUSIP Number)

09/19/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G4R103107

1

Names of Reporting Persons

Merus Global Investments, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,365,586.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,365,586.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,365,586.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.8 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Note to Row 11: Calculated based on the 23,422,500 shares of the Class A ordinary shares, par value $0.0001 per share, of GSR III Acquisition Corp. (the "Issuer") outstanding as of August 11, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GSR III Acquisition Corp.
(b)	Address of issuer's principal executive offices: 5900 BALCONES DRIVE SUITE 100 AUSTIN, TX, 78731
Item 2.
(a)	Name of person filing: Merus Global Investments, LLC
(b)	Address or principal business office or, if none, residence: 3 Park Ave, Suite 2900, New York, NY 10016
(c)	Citizenship: DE
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G4R103107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,365,586
(b)	Percent of class: 5.8%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,365,586
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,365,586
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Merus Global Investments, LLC

Signature:	/s/ Amrita M. Mahabaleswara
Name/Title:	Amrita M. Mahabaleswara, General Counsel and Head of Compliance
Date:	09/26/2025

FAQ

What stake did Merus Global Investments report in GSRT?

Merus reported beneficial ownership of 1,365,586 Class A shares, equal to 5.8% of outstanding Class A shares.

How was the percentage ownership for GSRT calculated?

The percentage is based on 23,422,500 Class A shares outstanding as reported by the issuer as of August 11, 2025.

Does the Schedule 13G indicate Merus intends to influence GSRT's control?

No. The filing includes a certification that the securities were not acquired and are not held to change or influence control of the issuer.

What voting and dispositive powers does Merus have over the GSRT shares?

Merus reports sole voting power and sole dispositive power for all 1,365,586 shares, with no shared powers.

What type of filing is this for GSRT?

This is a Schedule 13G filing, used to report passive holdings above the 5% threshold under the Exchange Act.