GSR V Acquisition Corp (NASDAQ:GSRV) closed its initial public offering of 23,000,000 units at $10.00 per unit, raising $230 million in gross proceeds, including full exercise of the over-allotment.
Units began trading on Nasdaq as GSRVU on May 14, 2026; shares and rights are expected to trade separately as GSRV and GSRVR.
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Positive
IPO raised $230,000,000 in gross proceeds
Full exercise of underwriter’s over-allotment option
Listing on Nasdaq Global Market under symbols GSRVU, GSRV, GSRVR
Negative
None.
Market Context
This announcement details the closing of GSR V Acquisition Corp.’s IPO, raising $230,000,000 from 23...
Analysis
This announcement details the closing of GSR V Acquisition Corp.’s IPO, raising $230,000,000 from 23,000,000 units priced at $10.00. Each unit includes a fraction of a right that can convert into a Class A share after a business combination. The Form S-1 became effective on May 13, 2026. Investors may watch for the separate listing of shares and rights and updates on potential business combination targets.
Key Figures
IPO units:23,000,000 unitsIPO price:$10.00 per unitGross proceeds:$230,000,000+5 more
8 metrics
IPO units23,000,000 unitsInitial public offering size
IPO price$10.00 per unitInitial public offering price
Gross proceeds$230,000,000Aggregate gross proceeds from IPO
Rights per unit1/7 right per unitEach unit includes one-seventh of one right
Share per right1 Class A shareEach whole right converts to one Class A Ordinary Share
Form typeForm S-1Registration statement for IPO
Effective dateMay 13, 2026Form S-1 became effective
File number333-295415SEC registration statement file number
Key Terms
over-allotment option, rights, qualified independent underwriter, form s-1, +2 more
6 terms
over-allotment optionfinancial
"The offering size reflects the full exercise of the underwriter’s over-allotment option."
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
rightsfinancial
"one-seventh (1/7th) of one right (the “Rights”), with each whole right entitling the holder..."
Rights are special privileges that give existing shareholders the opportunity to buy additional shares of a company's stock before they are offered to the public. They help investors maintain their ownership percentage and can be seen as a way to protect their investment stake. Think of rights like a VIP pass allowing current investors to purchase new shares first, ensuring they can preserve their influence in the company.
qualified independent underwriterfinancial
"Consequently, Benchmark acted as a Qualified Independent Underwriter on the transaction."
A qualified independent underwriter is a financial firm that is both eligible under regulatory rules and free of close ties to the issuing company, so it can buy, price and sell a new batch of securities without conflicts of interest. Investors treat its involvement like a neutral referee: its role helps set a fair market price, adds credibility to the deal and reduces the risk that shares are being pushed on biased or poorly vetted terms.
form s-1regulatory
"A registration statement related to these securities has been filed on Form S-1 with the Securities..."
A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.
registration statementregulatory
"A registration statement related to these securities has been filed on Form S-1..."
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
prospectusregulatory
"The offering is being made only by means of a prospectus."
A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.
New York, NY, May 15, 2026 (GLOBE NEWSWIRE) -- GSR V Acquisition Corp. (NASDAQ: GSRV) (“GSRV” or the “Company”) announced today that it closed its initial public offering of 23,000,000 units at a price of $10.00 per unit, for aggregate gross proceeds of $230,000,000. The offering size reflects the full exercise of the underwriter’s over-allotment option. Each unit consists of one of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and one-seventh (1/7th) of one right (the “Rights”), with each whole right entitling the holder thereof to receive one Class A Ordinary Share upon the consummation of an initial business combination. No fractional rights will be issued upon separation of the units and only whole rights will trade.
The units are listed on the Nasdaq Global Market LLC (“Nasdaq”) and began trading under the ticker symbol “GSRVU” on May 14, 2026. Once the securities comprising the units begin separate trading, the Class A Ordinary Shares and Rights are expected to be listed on the Nasdaq under the symbols “GSRV” and “GSRVR,” respectively.
Polaris Advisory Partners LLC, a division of Kingswood Capital Partners LLC (“Polaris”), and The Benchmark Company, LLC (“Benchmark”) acted as joint bookrunners for the initial public offering. Polaris is a financial advisory firm wholly owned and controlled by the management of GSRV. Consequently, Benchmark acted as a Qualified Independent Underwriter on the transaction.
A registration statement related to these securities has been filed on Form S-1 with the Securities and Exchange Commission and became effective on May 13, 2026 (File No. 333-295415). The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, by contacting Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S, New York, NY 10022, or by calling 212-487-1080 or emailing Syndicate@kingswoodUS.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About GSR V Acquisition Corp.
GSRV is a newly incorporated, blank check company formed in the Cayman Islands for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to identify companies with compelling public-market narratives, high visibility of growth prospects, and attractive cash flow dynamics now or in the near future, where a public listing, financing from an initial business combination and access to public capital markets will enable the target to build on its competitive advantages and allow the target company to further accelerate its growth profile.
The Company’s management team is comprised of co-CEOs Mr. Gus Garcia and Mr. Lewis Silberman, President & CFO Mr. Anantha Ramamurti, and CBDO Mr. Yuya Orime.
Forward-Looking Statements
This press release includes forward-looking statements. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC, any of which could cause actual results to differ from such forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
What did GSR V Acquisition Corp (NASDAQ:GSRV) announce on May 15, 2026?
GSR V Acquisition Corp announced the closing of its $230 million initial public offering. According to GSR V Acquisition Corp, the deal included 23,000,000 units at $10.00 per unit and full exercise of the underwriter’s over-allotment option.
How large is the GSR V Acquisition Corp (GSRV) IPO and how many units were sold?
The GSR V Acquisition Corp IPO totals $230 million in gross proceeds. According to GSR V Acquisition Corp, the company sold 23,000,000 units at a price of $10.00 per unit, including the fully exercised over-allotment option.
What does each GSR V Acquisition Corp (GSRV) IPO unit include?
Each GSR V Acquisition Corp unit includes one Class A ordinary share and one-seventh of one right. According to GSR V Acquisition Corp, each whole right allows holders to receive one Class A ordinary share after an initial business combination.
On which Nasdaq symbols do GSR V Acquisition Corp (GSRV) securities trade?
GSR V Acquisition Corp units trade on Nasdaq under the symbol GSRVU. According to GSR V Acquisition Corp, once separated, its Class A ordinary shares and rights are expected to trade under GSRV and GSRVR, respectively, on the Nasdaq Global Market.
Who were the underwriters for the GSR V Acquisition Corp (GSRV) IPO?
Polaris Advisory Partners and The Benchmark Company served as joint bookrunners for the GSR V Acquisition Corp IPO. According to GSR V Acquisition Corp, Polaris is owned and controlled by company management, so Benchmark acted as the Qualified Independent Underwriter on the transaction.
When did GSR V Acquisition Corp (GSRV) IPO securities become effective with the SEC?
The registration statement for GSR V Acquisition Corp’s IPO became effective on May 13, 2026. According to GSR V Acquisition Corp, the securities were registered on Form S-1 under file number 333-295415 before trading began on the Nasdaq Global Market.
