GSR III Acquisition Corp. filed SEC Form 8-K: Other Events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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OF THE SECURITIES EXCHANGE ACT OF 1934
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Securities registered pursuant to Section 12(b) of the Act:
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| The Stock Market LLC | ||||
| The Stock Market LLC | ||||
| The Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 8.01 Other Events.
As of October 3, 2025 at 5:00 P.M. Eastern Time (the “Redemption Deadline”), GSR III shareholders holding an aggregate of 6,750,031 Class A ordinary shares did not elect to redeem their Class A ordinary shares, which represents approximately $70.1 million in trust account proceeds (“Post-Redemption Trust Proceeds”), based on the estimated fair market value of $10.38 per share in GSR III’s trust account as of September 30, 2025.
GSR III estimates that the cash available to the resulting public company following the consummation of the proposed business combination between GSR III and Terra Innovatum s.r.l., an Italian limited liability company, will be approximately $112.6 million, including the Post-Redemption Trust Proceeds and the approximately $42.5 in gross proceeds from the private placement and bridge loan financing transactions.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 6, 2025
| GSR III ACQUISITION CORP. | ||
| By: | /s/ Gus Garcia | |
| Name: | Gus Garcia | |
| Title: | Co-Chief Executive Officer | |
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