Latham & Watkins Represents GSR V Acquisition Corp. in US$200 Million IPO
GSR V Acquisition Corp. (NASDAQ: GSRV) (GSRV) announced the pricing of its initial public offering of 20,000,000 units at a price of US$10 per unit, for aggregate gross proceeds of US$200 million. The units will be listed on the Nasdaq Global Market and begin trading on May 14, 2026, under the ticker symbol GSRVU. Each unit consists of one of the company’s Class A ordinary shares and one‑seventh (1/7) of one right, 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. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols GSRV and GSRVR, respectively. The offering is expected to close on May 15, 2026, subject to customary closing conditions. GSRV has granted the underwriters a 45‑day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over‑allotments, if any.
Latham & Watkins LLP represents GSR V Acquisition Corp. in the IPO with a corporate team led by Los Angeles partner Steven Stokdyk, with associates Will Coughlin and Sareen Ishanyan.