98 results
10-Q
2024 Q3
GSRTU
GSR III Acquisition Corp.
23 Dec 24
Quarterly report
4:39pm
September 30, 2024 | December 31, 2023 | |||||||
ASSETS | ||||||||
Current Assets: | ||||||||
Prepaid expenses | $ | - | $ | 8,502 | ||||
Total Current Assets | - | 8,502 | ||||||
Non-Current Assets | ||||||||
Deferred offering costs | 749,792 | - | ||||||
Total Assets | $ | 749,792 | $ | 8,502 | ||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
Current Liabilities | ||||||||
Accrued expenses | $ | 704,541 | $ | - | ||||
Promissory note – related party | 39,756 | - | ||||||
Total Current Liabilities | 744,297 | - | ||||||
Shareholders’ Equity (Deficit) | ||||||||
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of September 30, 2024 and December 31, 2023 | - | - | ||||||
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; none issued and outstanding as of September 30, 2024 and December 31, 2023 | - | - | ||||||
Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 5,750,000 shares issued and outstanding as of September 30, 2024 and December 31, 2023 | 575 | 575 | ||||||
Additional paid in capital | 137,653 | 24,425 | ||||||
Accumulated deficit | (132,733) | (16,498) | ||||||
Total Shareholders’ Equity | 5,495 | 8,502 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 749,792 | $ | 8,502 |
10-Q
2024 Q3
GSRTU
GSR III Acquisition Corp.
23 Dec 24
Quarterly report
4:39pm
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | For the Period from May 10, 2023 (Inception) through September 30, | ||||||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||||||
General and administrative expenses | $ | 85,810 | $ | - | $ | 116,235 | $ | 13,392 | ||||||||
Net Loss | $ | (85,810) | $ | - | $ | (116,235) | $ | (13,392) | ||||||||
Weighted average Class B ordinary shares outstanding, basic and diluted | 5,750,000 | 5,750,000 | 5,750,000 | 5,750,000 | ||||||||||||
Basic and diluted net loss per Class B ordinary share | $ | (0.01) | $ | (0.00) | $ | (0.02) | $ | (0.00) |
10-Q
2024 Q3
GSRTU
GSR III Acquisition Corp.
23 Dec 24
Quarterly report
4:39pm
Class A Ordinary Shares | Class B Ordinary Shares | Additional Paid in | Accumulated | Total Shareholders’ Equity | ||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Capital | Deficit | (Deficit) | ||||||||||||||||||||||
Balance - January 01, 2024 | - | $ | - | 5,750,000 | $ | 575 | $ | 24,425 | $ | (16,498) | $ | 8,502 | ||||||||||||||||
Net loss | - | - | - | - | - | - | - | |||||||||||||||||||||
Balance - March 31, 2024 | - | - | 5,750,000 | 575 | 24,425 | (16,498) | 8,502 | |||||||||||||||||||||
Net loss | - | - | - | - | - | (30,425) | (30,425) | |||||||||||||||||||||
Balance - June 30, 2024 | - | - | 5,750,000 | 575 | 24,425 | (46,923) | (21,923) | |||||||||||||||||||||
Net loss | - | - | - | - | - | (85,810) | (85,810) | |||||||||||||||||||||
Risk capital funding to repay promissory note – related party and accrued expenses | - | - | - | - | 113,228 | - | 113,228 | |||||||||||||||||||||
Balance – September 30, 2024 | - | $ | - | 5,750,000 | $ | 575 | $ | 137,653 | $ | (132,733) | $ | 5,495 |
10-Q
2024 Q3
GSRTU
GSR III Acquisition Corp.
23 Dec 24
Quarterly report
4:39pm
For the Nine Months Ended September 30, | For the Period from May 10, 2023 (Inception) through September 30, | |||||||
2024 | 2023 | |||||||
Cash Flows from Operating Activities: | ||||||||
Net loss | $ | (116,235) | $ | (13,392) | ||||
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||
Changes in operating assets and liabilities: | ||||||||
Prepaid expenses | - | 13,392 | ||||||
Accrued expenses | 116,235 | - | ||||||
Net cash used in operating activities | - | - | ||||||
Net increase in cash | - | - | ||||||
Cash - beginning of the period | - | - | ||||||
Cash - ending of the period | $ | - | $ | - | ||||
Supplemental disclosure of noncash investing and financing activities: | ||||||||
Prepaid expenses paid by Sponsor in exchange for issuance of Founder Shares | $ | - | $ | 25,000 | ||||
Deferred offering costs included in accrued expenses | $ | 608,306 | $ | - | ||||
Repayment of promissory note – related party through risk capital funding | $ | 93,228 | $ | - | ||||
Repayment of accrued expenses through risk capital funding | $ | 20,000 | $ | - | ||||
Prepaid expenses included in deferred offering costs | $ | 8,502 | $ | - | ||||
Payment of deferred offering costs included in promissory note – related party | $ | 132,984 | $ | - |
10-Q
2024 Q3
GSRTU
GSR III Acquisition Corp.
23 Dec 24
Quarterly report
4:39pm
Class A Ordinary Shares | Class B Ordinary Shares | Additional Paid in | Accumulated | Total Shareholders’ | ||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Capital | Deficit | Equity | ||||||||||||||||||||||
Balance – May 10, 2023 (Inception) | - | $ | - | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||
Founder shares issued to initial shareholder | - | - | 5,750,000 | 575 | 24,425 | - | 25,000 | |||||||||||||||||||||
Net loss | - | - | - | - | - | (13,392) | (13,392) | |||||||||||||||||||||
Balance - June 30, 2023 | - | - | 5,750,000 | 575 | 24,425 | (13,392) | $ | 11,608 | ||||||||||||||||||||
Net loss | - | - | - | - | - | - | - | |||||||||||||||||||||
Balance - September 30, 2023 | - | $ | - | 5,750,000 | $ | 575 | $ | 24,425 | $ | (13,392) | $ | 11,608 |