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GSR IV Acquisition Corp. (NASDAQ: GSRF) has successfully completed its initial public offering (IPO),
raising $230 million through the sale of 23 million units at $10.00 per unit, including the full
exercise of the underwriter’s over-allotment option.
Each unit comprises one Class A ordinary share and one-seventh of one right, with whole rights
being convertible into Class A Ordinary Shares upon business combination completion. The units
trade on Nasdaq under “GSRFU”, while the Class A Ordinary Shares and Rights will trade separately
under “GSRF” and “GSRFR” respectively.
The IPO was jointly managed by Polaris Advisory Partners LLC (a division of Kingswood Capital
Partners) and The Benchmark Company, LLC, with Benchmark serving as the Qualified Independent
Underwriter due to Polaris being controlled by GSRF management.
Positive
- Successfully raised $230 million through IPO with full exercise of over-allotment option
- Units listed on Nasdaq Global Market, providing strong trading platform
- Structured with rights offering additional value potential upon business combination
Negative
- Potential conflict of interest with Polaris being controlled by GSRF management
- No specific business combination target identified yet
- Investment depends on management’s ability to identify and execute suitable business
combination
Insights
GSR IV Acquisition Corp successfully raised $230M in its IPO with full
over-allotment exercise, signaling strong initial investor demand.
GSR IV Acquisition Corp (NASDAQ: GSRF) has completed its initial public offering, raising
$230 million by selling 23 million units at $10.00 per unit. The offering included the
full exercise of the underwriter’s over-allotment option, indicating strong initial demand
from investors.
Each unit comprises one Class A ordinary share and one-seventh of a right, with each whole
right entitling the holder to receive one additional Class A share upon completing a
business combination. The units began trading on Nasdaq under ticker “GSRFU” on September
4, with the Class A shares and rights eventually trading separately under “GSRF” and
“GSRFR” respectively.
It’s worth noting that Polaris Advisory Partners (formerly SPAC Advisory Partners), one of
the joint bookrunners, is wholly owned and controlled by GSRF’s management, creating a
potential conflict of interest. To address this, Benchmark Company served as the
Qualified Independent Underwriter to ensure compliance with regulatory requirements.
As a special purpose acquisition company (SPAC), GSRF has raised this capital with the
intention of identifying and merging with a private business to take it public. The
successful capital raise gives the SPAC substantial funds for a future acquisition, though
investors should recognize that the company has yet to identify a target business. The
100% exercise of the over-allotment option suggests institutional investors showed
significant interest in this blank-check company despite the cooling SPAC market in recent
years.
09/05/2025 – 04:02 PM
New York, NY, Sept. 05, 2025 (GLOBE NEWSWIRE) — GSR IV Acquisition Corp. (NASDAQ: GSRF) (“GSRF” or the
“Company”) announced today that it closed its initial public offering of 23,000,000 units at a price of $10.00 per
unit, for aggregate gross proceeds of $230,000,000. The offering size reflects the full exercise of the
underwriter’s over-allotment option. 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.
The units are listed on the Nasdaq Global Market LLC (“Nasdaq”) and began trading under the ticker symbol
“GSRFU” on September 4, 2025. 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.
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”) acted 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
[email protected]. 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.
###
Company contact:
Anantha Ramamurti
President & CFO
[email protected]
FAQ
How much did GSR IV Acquisition Corp. (GSRF) raise in its IPO?
GSR IV Acquisition Corp. raised $230 million through the sale of 23 million units at $10.00 per unit,
including the full exercise of the over-allotment option.
What does each GSRF unit consist of in the IPO?
Each unit consists of one Class A ordinary share and one-seventh (1/7th) of one right, with each whole right
convertible into one Class A Ordinary Share upon business combination completion.
What are the trading symbols for GSRF’s securities?
The units trade under GSRFU on Nasdaq, while the Class A Ordinary Shares and Rights will trade separately
under GSRF and GSRFR respectively.
Who were the underwriters for GSRF’s IPO?
Polaris Advisory Partners LLC (a division of Kingswood Capital Partners) and The Benchmark Company, LLC acted
as joint bookrunners, with Benchmark serving as Qualified Independent Underwriter.
When did GSRF’s units begin trading on Nasdaq?
GSRF’s units began trading on Nasdaq under the symbol GSRFU on September 4, 2025.
:GSRFU
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