GSR V Acquisition Corp. reported a consolidated net loss of $(56,685) for the first quarter of 2026 and a loss per Class B ordinary share of $(0.01). The blank-check company had not commenced operations and did not report revenue for the quarter; activities were focused on identifying and diligencing a target for a business combination following its May 15, 2026 IPO.
Financial Highlights
- Net income: $(56,685) net loss for Q1 2026.
- Diluted EPS: $(0.01) loss per Class B ordinary share for Q1 2026 (basic and diluted).
- Revenue: Not reported for Q1 2026; the company had not commenced operations and will not generate operating revenues until after a business combination.
Business Highlights
- IPO & capital raise: Completed initial public offering on May 15, 2026, raising $230.0M plus a $6.71M private placement to fund a target acquisition.
- Operational status: Operates as a blank-check SPAC with no operating revenues; current activities are limited to target identification and due diligence.
- Use of proceeds & strategy: Net proceeds, including funds held in the Trust Account, are dedicated to completing an acquisition and financing post-combination operations.
- Milestones & timing: Underwriters’ overallotment was exercised; the company has an 18–21 month window to complete a business combination, subject to possible shareholder extensions.
- Governance & support: Sponsor issued founder shares, entered an administrative services agreement, and provided initial operating support and potential working capital loans.
Original SEC Filing:
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