GSR V Acquisition Corp. 8-K

What Happened
GSR V Acquisition Corp. announced on May 15, 2026 that it consummated its initial public offering (IPO). The company sold 23,000,000 units at $10.00 per unit (including a fully exercised 3,000,000-unit over-allotment), and completed a concurrent private placement of 671,000 units to its sponsors. The filing states that a total of $230,000,000 of proceeds from the offering and the private placement were deposited into a segregated U.S. trust account. An audited balance sheet as of May 15, 2026 reflecting receipt of the proceeds is included as Exhibit 99.1 to the 8-K.

Key Details

• IPO and overallotment: 20,000,000 units initially sold; underwriters exercised a 3,000,000-unit over-allotment, for a total of 23,000,000 Units at $10.00 each.
• Private placement: 671,000 private placement units sold to GSR IV Sponsor LLC and SPAC Advisory Partners LLC (dba Polaris Advisory Partners LLC) at $10.00 per unit (approx. $6,710,000). Private placement units have transfer restrictions until 30 days after the company’s initial business combination.
• Unit composition: Each Unit equals one Class A ordinary share and one-seventh of one Right (each whole Right converts to one Class A share).
• Trust accounting: The filing states $230,000,000 of proceeds from the IPO and private placement were placed into a segregated trust account with Odyssey Transfer and Trust Company serving as trustee.

Why It Matters
This filing confirms GSR V has completed its SPAC IPO and secured capital that will be held in trust pending an initial business combination. For retail investors, the key facts are the size of the offering, the sponsor private placement and any transfer restrictions, and that proceeds are in a trust (standard for SPACs) — all important when evaluating future merger prospects, timing of a business combination, and potential dilution from sponsor interests. The audited balance sheet attached provides formal financial confirmation of the cash raised.