GSR V Acquisition closes $230 million IPO with full over-allotment

GSR V Acquisition Corp. (NASDAQ: GSRV) completed its initial public offering on May 15, 2026, raising $230 million through the sale of 23 million units at $10 per unit. The offering included the full exercise of the underwriter's over-allotment option.

Each unit consists of one Class A ordinary share and one-seventh of a right. Each whole right entitles the holder to receive one Class A ordinary share upon completion of an initial business combination. The units began trading on the Nasdaq Global Market under ticker symbol "GSRVU" on May 14, 2026.

Once separate trading begins, the Class A ordinary shares and rights are expected to trade under symbols "GSRV" and "GSRVR" respectively on Nasdaq.

Polaris Advisory Partners LLC, a division of Kingswood Capital Partners LLC, and The Benchmark Company, LLC served as joint bookrunners for the offering. Polaris is wholly owned and controlled by GSRV management, making The Benchmark Company the Qualified Independent Underwriter for the transaction.

The Securities and Exchange Commission declared the registration statement effective on May 13, 2026, under file number 333-295415.

GSRV is a blank check company incorporated in the Cayman Islands with the purpose of completing a business combination with one or more companies. The company stated it intends to target businesses with growth prospects and attractive cash flow dynamics that would benefit from public market access and capital.

The management team includes co-CEOs Gus Garcia and Lewis Silberman, President and CFO Anantha Ramamurti, and Chief Business Development Officer Yuya Orime.

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