GSRT
GSR III Acquisition Corp.15.52
+1.00+6.89%
Nov 25, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
443.73MP/E (TTM)
110.86Basic EPS (TTM)
0.14Dividend Yield
0%Recent Filings
8-K
Low redemptions boost merger cash
GSR III Acquisition Corp. disclosed on October 3, 2025, that shareholders redeemed few shares by the deadline, leaving $70.1 million in Post-Redemption Trust Proceeds at $10.38 per share. This sets up $112.6 million in cash for the post-combination public company with Terra Innovatum, boosted by $42.5 million from private placement and bridge financing. Redemptions stayed low.
8-K
GSR III secures $31.8M PIPE
GSR III Acquisition Corp signed PIPE subscription agreements on September 23, 2025, for $31.8 million in ordinary shares at $10.00 each, plus half warrants at $12.00 and quarter warrants at $16.00, all exercisable immediately for five years. Tied to its business combination with Terra Innovatum, closing hinges on customary conditions and shareholder vote October 7. Funds bolster the balance sheet.
10-Q
Q2 FY2025 results
GSR III swung to a $1.9M net income for Q2 ended June 30, 2025, from a $30K loss y/y, thanks to $2.4M trust interest outpacing $535K admin costs—while operating loss held steady. Six-month net income hit $3.1M (derived), with trust at $236.3M up from $231.4M at year-end. Cash outside trust dipped to $862K amid $925K operating outflows; no debt beyond $9.2M deferred commissions. Signed April 21 business combination agreement with Terra Innovatum, entailing reorganizations and equity issuances to form Pubco. Trust yields cover burn. Sponsor shares risk dilution on no-deal liquidation.
10-Q
Q1 FY2025 results
GSR III posted net income of $1.2M for Q1 ended March 31, 2025, versus zero prior year, as $2.4M trust interest outpaced $1.3M operating loss from admin costs. Trust swelled to $233.8M at $10.17/share q/q (derived), while cash outside trust dipped to $1.3M. EPS hit $0.04 across redeemable and non-redeemable shares, matching diluted weighted averages. Signed business combination agreement April 21 with Terra Innovatum for Dutch Pubco structure. Cash burn continues. Trust stays secure. Controls faltered on segregation.
8-K
GSRT-Terra merger announced
GSR III Acquisition Corp. signed a business combination agreement on April 21, 2025, to merge with Terra Innovatum s.r.l., valued at $475 million pre-money. GSRT's $230 million trust provides cash; Terra holders get preferred PubCo shares convertible on milestones. Deal targets December 31, 2025 close but needs shareholder approval and $25 million minimum cash. Sponsor locks up shares.
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