Corporate ActionMay 12, 2026, 11:16 AM
GSR V Acquisition Corp. to Offer 20M Units at $10 Each in IPO
AI Summary
GSR V Acquisition Corp., a blank check company, filed an S-1/A for its initial public offering of 20,000,000 units at $10.00 per unit, aiming to raise $200,000,000. Each unit comprises one Class A ordinary share and one-seventh of one right. The company intends to focus its search for an initial business combination on high-potential businesses in the United States and has 18 to 21 months to complete a transaction. The filing also details the sponsor's founder shares and private placement unit commitments, as well as potential conflicts of interest.
Key Highlights
- GSR V Acquisition Corp. is offering 20,000,000 units at $10.00 per unit.
- The IPO aims to raise $200,000,000, with $200.0 million deposited into a trust account.
- Each unit consists of one Class A ordinary share and one-seventh of one right.
- Underwriters have a 45-day option to purchase up to an additional 3,000,000 units.
- GSR Sponsor holds 6,750,000 founder shares at a nominal price.
- GSR Sponsor agreed to purchase 618,500 private placement units at $10.00 per unit.
- The company has 18 to 21 months to complete an initial business combination.
- An affiliate of GSR Sponsor will receive $55,556 per month for administrative services.