other_material
confidence high
sentiment neutral
materiality 0.50
GSR IV Acquisition Corp. closes IPO of 23M units at $10/unit, net $230M placed in trust
GSR IV Acquisition Corp.
- IPO of 23,000,000 units (including full over-allotment of 3M) at $10/unit; gross proceeds $230M.
- Private placement of 655,500 units at $10.00/unit to Sponsor and Polaris Advisory; gross $6.555M.
- Total of $230M deposited into trust account held by Odyssey Transfer and Trust Company.
- Transaction costs total $13.5M, including $9.2M deferred underwriting commissions.
- Auditor raises substantial doubt about going concern if business combination not completed within 18-21 months.
item 8.01item 9.01