GSR IV Acquisition Corp.
For the period ended Sep 5, 2025. Filed Sep 11, 2025.
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Sep 5, 2025 · Filed Sep 11, 2025
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EX-99.1 · Class A Redeemable Share Classification
Class A Redeemable Share Classification
The Public Shares contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, or if there is a shareholder vote or tender offer in connection with the Company’s initial Business Combination. In accordance with ASC 480-10-S99, the Company classifies Public Shares subject to redemption outside of permanent equity as the redemption provisions are not solely within the control of the Company. The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of redeemable shares to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption amount value. The change in the carrying value of redeemable shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit.
Accordingly, on September 5, 2025, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ deficit section of the Company’s balance sheet, as reconciled in the following table:
| Gross proceeds | $230,000,000 |
|---|---|
| Less: Proceeds allocated to public rights | (4,107,143) |
| Less: Ordinary share issuance cost | (13,209,275) |
| Add: Remeasurement of carrying value to redemption value | 17,316,418 |
| Ordinary shares subject to possible redemption as of September 5, 2025 | $230,000,000 |
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