other_material
confidence high
sentiment neutral
materiality 0.60
GSR V Acquisition Corp. closes $230M IPO including full over-allotment exercise
GSR V Acquisition Corp.
- Closed IPO of 23,000,000 units at $10.00/unit for gross proceeds of $230,000,000; units trade on Nasdaq under 'GSRVU'.
- Underwriter's over-allotment fully exercised for 3,000,000 additional units.
- Private placement of 671,000 private placement units to sponsor and underwriter for $6.71 million.
- Net proceeds of $230 million deposited into trust account with Odyssey Transfer and Trust Company.
- Appointed Jonathan Cole, Jody Sitkoski, and Susie Kuan to Board and audit/compensation committees.
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