Corporate ActionMay 15, 2026, 04:17 PM
GSRV Closes $230M Initial Public Offering
AI Summary
GSR V Acquisition Corp. (GSRV) announced the successful closing of its initial public offering, generating aggregate gross proceeds of $230,000,000. The offering comprised 23,000,000 units, each priced at $10.00, and included the full exercise of the underwriter's over-allotment option. Each unit consists of one Class A ordinary share and one-seventh of one right, with units having commenced trading on Nasdaq under the ticker symbol "GSRVU" on May 14, 2026.
Key Highlights
- Closed initial public offering, raising $230,000,000 in aggregate gross proceeds.
- Offered 23,000,000 units at a price of $10.00 per unit.
- The offering size reflects the full exercise of the underwriter's over-allotment option.
- Each unit consists of one Class A ordinary share and one-seventh of one right.
- Units began trading on the Nasdaq Global Market LLC under "GSRVU" on May 14, 2026.
- Class A Ordinary Shares and Rights are expected to list under "GSRV" and "GSRVR" respectively.
- Polaris Advisory Partners LLC and The Benchmark Company, LLC acted as joint bookrunners.
Price Impact
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