SPAC GSR V Acquisition files for a $200 million IPO, targeting companies with leading market positions
IPO Overview
GSR V Acquisition, a blank check company led by SPAC veterans targeting companies with leading market positions, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one right to receive one-seventh of one ordinary share upon the consummation of an initial business combination.
GSR IV Acquisition is led by Co-CEO Gus Garcia, the former Head of SPAC M&A for Bank of America, and Co-CEO Lewis Silberman, the former Head of SPAC Equity Capital Markets for Oppenheimer & Co. They are joined by CFO Anantha Ramamurti, a former Managing Director and Head of Global Mobility Group at Bank of America Securities. The three executives are co-founders of Polaris Advisory Partners LLC （formerly SPAC Advisory Partners）， a division of Kingswood Capital and the lead manager of the deal.
The SPAC intends to target businesses with financial stability, leading industry and market positions, barriers to entry, multiple growth avenues, a public-company-ready management team, and a focus on environmental, social, and governance issues.
Management’s most recent SPACs include GSR IV Acquisition （GSRFU; +3%） which went public in 2025 and is targeting “high potential” businesses in the US, GSR III Acquisition, which completed its business combination with small modular reactor developer Terra Innovatum （NKLR; -40%） in 2025, and GSR II Meteora Acquisition, which completed its business combination with crypto ATM operator Bitcoin Depot （BTM; -41%） in 2023.
The Austin, TX-based company was founded in 2025. It plans to list on the Nasdaq under the symbol GSRVU. GSR V Acquisition filed confidentially on March 30, 2026. Polaris Advisory Partners is the sole bookrunner on the deal.
About the Company
We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. Consistent with our business strategy, we have identified the following general criteria and guidelines that we believe are important in evaluating prospective target businesses. We expect to target an initial business combination with Financial Stability and Visibility, Leading Industry and Market Position, Resilient Barriers to Entry, Multiple Growth Avenues, Strong and Public-Company-Ready Management Team, Focus on Environmental, Social, and Governance Issues, and Potential to Benefit from Our Expertise. In evaluating a prospective target business, we expect to conduct an extensive due diligence review which may encompass, as applicable and among other things, meetings with incumbent management and employees, document reviews, interviews of customers and suppliers, inspection of facilities and a review of financial and other information about the target and its industry. We will also utilize our management team’s operational and capital planning experience.