Corporate ActionMay 18, 2026, 05:22 PM
GSR V Acquisition Corp. Closes $230M IPO, Full Over-Allotment
AI Summary
GSR V Acquisition Corp. announced the closing of its initial public offering, raising $230 million. The offering included the full exercise of the over-allotment option for 3,000,000 additional units. Concurrently, the company completed a private placement of 671,000 units, generating an additional $6.71 million. The units began trading on Nasdaq under the symbol "GSRVU" on May 14, 2026, and new directors were appointed.
Key Highlights
- GSR V Acquisition Corp. closed its initial public offering of 23,000,000 units.
- The offering included the full exercise of the underwriter's over-allotment option for 3,000,000 additional units.
- The IPO generated aggregate gross proceeds of $230,000,000 at $10.00 per unit.
- Each unit consists of one Class A ordinary share and one-seventh of one right.
- The company completed a private sale of 671,000 private placement units for $6,710,000.
- Units began trading on Nasdaq under "GSRVU" on May 14, 2026.
- Jonathan Cole, Jody Sitkoski, and Susie Kuan were appointed as directors.
Price Impact
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