GSR V Acquisition Corp. completes IPO of 23M units at $10, raising $230M

GSR V Acquisition Corp.

IPO of 23,000,000 units (including full over-allotment) at $10.00/unit generates $230M gross proceeds.
Simultaneous private placement of 671,000 units to sponsor and underwriter raises $6.71M.
Total $230M deposited in trust account; cash on hand $2.245M for operations.
Audited balance sheet shows shareholders' deficit of $7.287M; deferred underwriting fees $9.2M.
Going concern doubt noted: limited cash and significant costs until business combination.

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