GSR V Acquisition Corp. filed its quarterly report on Form 10-Q with the SEC on August 14, 2026, covering the period ended June 30, 2026, disclosing financial results and balance sheet details following its initial public offering.

Key Highlights

  • Trust Account: Cash and investments held in the Trust Account totaled $231,039,036 as of June 30, 2026.
  • IPO Proceeds: The company received gross proceeds of $230,000,000 from its initial public offering, deposited into the Trust Account.
  • Shares Outstanding: As of August 13, 2026, there were 23,671,000 Class A ordinary shares and 6,750,000 Class B ordinary shares issued and outstanding.
  • Redemption Value: 23,000,000 Class A ordinary shares were subject to possible redemption at approximately $10.05 per share as of June 30, 2026.
  • Net Income: The company reported net income of $729,868 for the six months ended June 30, 2026, and net income of $786,553 for the three months ended June 30, 2026.
  • Shareholders' Deficit: Total shareholders' deficit was $(7,486,150) as of June 30, 2026, compared to total shareholders' equity of $4,018 as of December 31, 2025.
  • Deferred Underwriting Commissions: The company recorded $9,200,000 in deferred underwriting commissions to a related party as a non-current liability.

GSR V Acquisition Corp. Q2 2026 Financial Position Following IPO

GSR V Acquisition Corp. (NASDAQ:GSRV), a blank check company incorporated in the Cayman Islands, reported its financial results for the quarter and six-month period ended June 30, 2026. According to the filing, the company completed its initial public offering during the second quarter, raising gross proceeds of $230,000,000, which were deposited into a Trust Account. Total assets as of June 30, 2026 stood at $232,804,332, compared to $4,548 at December 31, 2025, reflecting the significant influx of capital from the IPO.

The filing disclosed that 23,000,000 Class A ordinary shares were classified as subject to possible redemption at approximately $10.05 per share as of June 30, 2026. The company also completed a private placement of 671,000 units, generating proceeds of $6,701,301 net of a $8,699 receivable. General and administrative expenses for the six months ended June 30, 2026 totaled $309,180, while interest and dividends earned on Trust Account holdings of $1,039,036 resulted in net income of $729,868 for the same period. The company noted a stock split that occurred on April 27, 2026, with certain share and per-share figures retroactively adjusted accordingly.

The filing also disclosed offering costs paid of $4,681,771 and a remeasurement adjustment on ordinary shares subject to possible redemption of $29,302,322. The accumulated deficit grew from $(20,982) at December 31, 2025 to $(7,478,193) at June 30, 2026, primarily driven by remeasurement charges related to the redeemable ordinary shares. The company is classified as a shell company, smaller reporting company, and emerging growth company under applicable SEC definitions.

What Was Disclosed

GSR V Acquisition Corp. disclosed its unaudited interim financial statements for the period ended June 30, 2026, covering its post-IPO balance sheet, operating results, cash flows, and share structure following a $230,000,000 public offering and related private placement.