GP-Act III Acquisition Corp.

GP-Act III Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and merge with an operating business that has not yet been selected. It has no commercial operations of its own and exists to use IPO proceeds, trust-account funds, and related financing to complete a business combination before its liquidation deadline.

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— GP-Act III Acquisition Corp.
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Blank check acquisition vehicle100% A publicly listed shell company formed to acquire an unidentified target business.

The company does not sell products or services to end customers; its counterparties are the target businesses it seeks...

  • Target operating businessesprimary

    Private companies that may merge with the SPAC to become public and access cash.

  • Sponsor and co-sponsorsprimary

    Provide support, potential loans, and transaction sponsorship to keep the SPAC active.

  • Public shareholderssecondary

    Invest in the SPAC units and ultimately vote on or redeem around a business combination.

GP-Act III is incorporated in the Cayman Islands but operates as a U.S.-listed acquisition vehicle with its cash held...

  • •Incorporated in the Cayman Islands
  • •U.S.-listed SPAC with public-market activity in the United States
  • •Trust-account cash held for a future acquisition
  • •Target geography will depend on the business combination

The company’s core strategy is to complete an initial business combination before the May 13, 2026 deadline and avoid...

01
Complete a business combination before the deadlineshort-term

Without a transaction, the company must liquidate and dissolve.

02
Maintain liquidity and transaction optionalityshort-term

The company has limited cash outside the trust account and may need extra funding for diligence and overhead.

The main risk is execution: the company may fail to identify, negotiate, finance, and close a suitable acquisition...

critical

Failure to complete a business combination

The company has a fixed deadline and no operating business to fall back on.

Scope
May 13, 2026 liquidation deadline
Materiality
high
high

Liquidity shortfall before closing a transaction

Cash outside the trust account is limited and additional financing is uncertain.

Scope
Working capital, diligence, and public-company costs
Materiality
high
high

Sponsor and insider funding is discretionary

Loans or investments from sponsors and insiders are not obligated and may not materialize.

Scope
Short-term operating runway
Materiality
medium
high

Redemptions reduce cash available for acquisition

Public shareholders may redeem shares around a proposed combination, shrinking deal capital.

Scope
Transaction financing
Materiality
high
Trust account accounting
Non-operating income and cash available for a transaction
Deferred underwriting fee
Transaction cost and cash outflow at closing
Going concern assessment
Financial statement disclosure and investor risk assessment
Warrant and share-class accounting
Per-share results and balance sheet classification

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: 28.4.2026