GPAC on Nasdaq

General Purpose Acquisition Corp.

General Purpose Acquisition Corp. is a blank check company in the Cayman Islands.1 It is headquartered in Millbrook, New York.1 Its shares trade on Nasdaq under the symbol GPAC.1

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Last updated Oct 20, 2026.

Overview

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  • TickerGPAC on Nasdaq1
  • IndustryBlank Checks1
  • HeadquartersMillbrook, New York1
  • Incorporated inCayman Islands2
  • Business address59 Front Street, Millbrook, Ny 125452
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2

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While we may pursue an initial business combination target in any industry or geographic region, we intend to focus our search on businesses operating within the maritime, logistics, and digital infrastructure sectors.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6

Period ending2025-12-312025-11-302025-07-31
Cash$1.2M
Prepaid expenses - current$123.3K
Total current assets$1.3M
Cash and marketable securities held in Trust Account$230.6M
Prepaid expenses non-current$113.3K
Total non-current assets$230.8M
Total Assets$232.0M
Accrued offering costs$2.1K
Due to related party$22.6K
Accrued expenses$156.2K
Accounts payable$31.2K
Total current liabilities$212.0K
Deferred underwriting commissions$9.2M$9.2M
Total non-current liabilities$9.2M
Total Liabilities$9.4M
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding$0
Additional paid-in capital$0
Accumulated deficit-$8.0M
Total Shareholders Deficit-$8.0M$0
Total Liabilities, Class A Ordinary Shares Subject to Redemption, and Shareholders Deficit$232.0M
Preference shares, par value (in Dollars per share)$0.00
Preference shares, shares authorized (in Shares)1.0M shares
Preference shares, shares issued (in Shares)0 shares
Preference shares, shares outstanding (in Shares)0 shares

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Corporate structure

General Purpose Acquisition Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of General Purpose Acquisition Corp.

  • GLAZER CAPITAL, LLC Filed SCHEDULE 13G on General Purpose Acquisition Corp., latest Aug 13, 2026
  • HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Filed SCHEDULE 13G/A on General Purpose Acquisition Corp., latest May 14, 2026 (2 filings since Feb 13, 2026)
  • MILLENNIUM MANAGEMENT LLC Filed SCHEDULE 13G/A on General Purpose Acquisition Corp., latest Apr 23, 2026 (2 filings since Dec 8, 2025)
  • Adage Capital Management, L.P. Filed SCHEDULE 13G on General Purpose Acquisition Corp., latest Feb 12, 2026
  • General Purpose Acquisition Corp Services LLC Filed SCHEDULE 13D on General Purpose Acquisition Corp., latest Dec 4, 2025
  • General Purpose Acquisition Corp. Millbrook, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What General Purpose Acquisition Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

We currently maintain our executive offices at 59 Front Street, Millbrook, New York 12545. The cost for our use of this space is included in the $25,000 per month fee we pay to our sponsor for office space, administrative and support services. We consider our current office space adequate for our current operations.

Item 2 of the 10-K filed Mar 27, 2026.3

Leadership

Who has led General Purpose Acquisition Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Peter C. Georgiopoulos2025–now

Chair

  1. Peter C. Georgiopoulos2025–now

President

  1. Leonard J. Vrondissis2025–now

Chief financial officer

  1. Stewart Crawford2025–now
Board members and other officers (5)

Timeline

  1. Jan 22, 20268-K Other events14
  2. Dec 10, 20258-K Other events15
  3. Dec 4, 20258-K Entered a material agreement; Unregistered sale of shares; Executive or director change16
  4. Dec 2, 2025New chief executive Peter C. Georgiopoulos becomes CEO7

Filings

30 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 3 major events, 9 insider forms, 7 large holders, 8 other. The latest 20:

  1. Aug 13, 2026SCHEDULE 13G EDGAR
  2. Aug 6, 202610-Q EDGAR
  3. May 14, 2026SCHEDULE 13G/A EDGAR
  4. May 12, 202610-Q EDGAR
  5. Apr 23, 2026SCHEDULE 13G/A EDGAR
  6. Mar 27, 202610-K EDGAR
  7. Feb 13, 2026SCHEDULE 13G EDGAR
  8. Feb 12, 2026SCHEDULE 13G EDGAR
  9. Jan 22, 20268-K EDGAR
  10. Dec 10, 20258-K EDGAR
  11. Dec 8, 2025SCHEDULE 13G EDGAR
  12. Dec 4, 20254 EDGAR
  13. Dec 4, 2025SCHEDULE 13D EDGAR
  14. Dec 4, 20258-K EDGAR
  15. Dec 3, 2025424B4 EDGAR
  16. Dec 2, 2025EFFECT EDGAR
  17. Dec 2, 2025CERT EDGAR
  18. Dec 2, 20253 EDGAR
  19. Dec 2, 20253 EDGAR
  20. Dec 2, 20253 EDGAR

The 30 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How General Purpose Acquisition Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGeneral Purpose Acquisition Corp.1
  • CIK0002085408
  • Employer ID (EIN)00-00000003
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inCayman Islands3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6770 Blank Checks1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address59 Front Street, Millbrook, NY 125451
  • Phone845-677-46501
  • Shares outstanding23,660,000 Common Class A shares; 5,750,000 Common Class B shares as of Mar 27, 20263
  • Public float$0 as of Jun 30, 20256
  • AuditorWithumSmith+Brown, PC, New York, NY PCAOB ID 100; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceSep 10, 20251
  • Filings30 in all: 3 (8), SCHEDULE 13G (4), 8-K (3), 10-Q (2), S-1/A (2), SCHEDULE 13G/A (2), 10-K (1), 4 (1)1
    All 15 form types

    424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), S-1 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Latest 8-K (8-K) Jan 22, 2026

Securities registered for trading

ClassSymbolExchange
Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemable warrantGPACUNasdaq
Class A ordinary shares included as part of the unitsGPACNasdaq
Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50GPACWNasdaq

From the cover page of the 10-K filed Mar 27, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks General Purpose Acquisition Corp. names in Item 1A of its 10-K filed Mar 27, 2026: 78 risks under these headings, as written.3

  • Risks Relating to our Search for, and Consummation of, or Inability to Consummate, a Business Combination
  • Our shareholders may not be afforded an opportunity to vote on our proposed initial business combination, which means we may complete our initial business combination even though a majority of our shareholders do not support such a combination.
  • Your only opportunity to affect the investment decision regarding a potential business combination may be limited to the exercise of your right to redeem your shares from us for cash.
  • If we seek shareholder approval of our initial business combination, our sponsor and members of our management team have agreed to vote in favor of such initial business combination, regardless of how our public shareholders vote.
  • You will not have any rights or interests in funds from the trust account, except under certain limited circumstances. Therefore, to liquidate your investment, you may be forced to sell your public shares or warrants, potentially at a loss.
  • The ability of our public shareholders to redeem their shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into a business combination with a target.
  • The ability of our public shareholders to exercise redemption rights with respect to a large number of our shares may not allow us to complete the most desirable business combination or optimize our capital structure.
  • The ability of our public shareholders to exercise redemption rights with respect to a large number of our shares could increase the probability that our initial business combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your shares.
  • The requirement that we consummate an initial business combination within 24 months after the closing of our initial public offering may give potential target businesses leverage over us in negotiating a business combination and may limit the time we have in which to conduct due diligence on potential business combination targets, in particular as we approach our dissolution deadline, which could undermine our ability to complete our initial business combination on terms that would produce value for our shareholders.
  • We may not be able to consummate an initial business combination within 24 months after the closing of our initial public offering, in which case we would cease all operations except for the purpose of winding up and we would redeem our public shares and liquidate.
  • We may decide not to extend the term we have to consummate our initial business combination, in which case we would redeem our public shares.
  • If we seek shareholder approval of our initial business combination, our sponsor, directors, officers, advisors and their affiliates may elect to purchase shares or warrants from public shareholders, which may influence a vote on a proposed business combination and reduce the public “float” of our Class A ordinary shares or warrants.
The other 66 risks
  • If a shareholder fails to receive notice of our offer to redeem our public shares in connection with our initial business combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed.
  • As the number of SPACs evaluating targets increases, attractive targets may become scarcer and there may be more competition for attractive targets. This could increase the cost of our initial business combination and could even result in our inability to find a target or to consummate an initial business combination.
  • Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we do not complete our initial business combination within the required time period, our public shareholders may receive only approximately $10.00 per public share, or less in certain circumstances, on the liquidation of our trust account and our warrants will expire worthless.
  • If the net proceeds of our initial public offering and the sale of the private placement units not being held in the trust account and funds from our permitted withdrawals are insufficient to allow us to operate for the 24 months following the closing of our initial public offering, it could limit the amount available to fund our search for a target business or businesses and complete our initial business combination, and we will depend on permitted withdrawals and loans from our sponsor or management team to fund our search and to complete our initial business combination.
  • We may seek business combination opportunities with a high degree of complexity that require significant operational improvements, which could delay or prevent us from achieving our desired results.
  • Our shareholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.
  • We may not hold an annual general meeting of shareholders until after the consummation of our initial business combination.
  • We may seek acquisition opportunities in industries or sectors which may or may not be outside of our management’s area of expertise.
  • Our sponsor may receive additional Class A ordinary shares if we issue shares to consummate an initial business combination.
  • We do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete our initial business combination with which a substantial majority of our shareholders do not agree.
  • In order to effectuate an initial business combination, blank check companies have, in the recent past, amended various provisions of their charters and other governing instruments. We may seek to amend our amended and restated memorandum and articles of association or governing instruments in a manner that will make it easier for us to complete our initial business combination that our shareholders may not support.
  • Our sponsor controls a substantial interest in us and thus may exert a substantial influence on actions requiring a shareholder vote, potentially in a manner that you do not support.
  • After our initial business combination, it is possible that a majority of our directors and officers will live outside the United States and all of our assets will be located outside the United States; therefore investors may not be able to enforce federal securities laws or their other legal rights.
  • Subsequent to our completion of our initial business combination, we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and the price of our securities, which could cause you to lose some or all of your investment.
  • If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share redemption amount received by shareholders may be less than $10.00 per public share.
  • Our directors may decide not to enforce the indemnification obligations of our sponsor, resulting in a reduction in the amount of funds in the trust account available for distribution to our public shareholders.
  • If, after we distribute the proceeds in the trust account to our public shareholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed, a bankruptcy court may seek to recover such proceeds, and the members of our board of directors may be viewed as having breached their fiduciary duties to our creditors, thereby exposing the members of our board of directors and us to claims of punitive damages.
  • If, before distributing the proceeds in the trust account to our public shareholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our shareholders and the per-share amount that would otherwise be received by our shareholders in connection with our liquidation may be reduced.
  • Holders of Class A ordinary shares will not be entitled to vote on any appointment or removal of directors prior to the completion of our initial business combination and will also not be able to vote on our continuation in a jurisdiction outside the Cayman Islands prior to our initial business combination.
  • Because we are neither limited to evaluating a target business in a particular industry sector nor have we selected any specific target businesses with which to pursue our initial business combination, you will be unable to ascertain the merits or risks of any particular target business’s operations.
  • Because we intend to seek a business combination with a target business in the maritime, logistics, or digital infrastructure sectors, we expect our future operations to be subject to risks associated with these industries.
  • Although we have identified general criteria that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination with a target that does not meet such criteria, and as a result, the target business with which we enter into our initial business combination may not have attributes entirely consistent with our general criteria.
  • We are not required to obtain an opinion from an independent valuation or accounting firm or an independent investment banking firm, and consequently, you may have no assurance from an independent source that the price we are paying for the business is fair to our shareholders from a financial point of view.
  • We may issue additional Class A ordinary shares or preference shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. We may also issue Class A ordinary shares upon the conversion of the founder shares at a ratio greater than one-to-one at the time of our initial business combination as a result of the anti-dilution provisions contained in our amended and restated memorandum and articles of association. Any such issuances would dilute the interest of our shareholders and likely present other risks.
  • We may issue shares to investors in connection with our initial business combination at a price which is less than $10.00 or the prevailing market price of our shares at that time, which could dilute the interests of our existing shareholders and add costs.
  • Resources could be wasted in researching acquisitions that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we do not complete our initial business combination within the required time period, our public shareholders may receive only approximately $10.00 per public share, or less in certain circumstances, on the liquidation of our trust account and our warrants will expire worthless.
  • Compliance obligations under the Sarbanes-Oxley Act may make it more difficult for us to effectuate a business combination, require substantial financial and management resources, and increase the time and costs of completing an acquisition.
  • We may have a limited ability to assess the management of a prospective target business and, as a result, may affect our initial business combination with a target business whose management may not have the skills, qualifications or abilities to manage a public company, which could, in turn, negatively impact the value of our shareholders’ investment in us.
  • We may issue notes or other debt, or otherwise incur substantial debt, to complete a business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.
  • We may only be able to complete one business combination with the proceeds of our initial public offering and the sale of the private placement units, which will cause us to be solely dependent on a single business which may have a limited number of products or services. This lack of diversification may negatively impact our operations and profitability.
  • We may attempt to simultaneously complete business combinations with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to increased costs and risks that could negatively impact our operations and profitability.
  • We may attempt to complete our initial business combination with a private company about which little information is available, which may result in a business combination with a company that is not as profitable as we suspected, if at all.
  • Because we must furnish our shareholders with target business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination with some prospective target businesses.
  • If we do not consummate an initial business combination within 24 months from the closing of our initial public offering, our public shareholders may be forced to wait beyond such 24 months before redemption from our trust account.
  • We may not be able to complete a business combination with certain potential target companies if a proposed transaction with the target company may be subject to review or approval by regulatory authorities pursuant to certain U.S. or foreign laws or regulations.
  • If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial business combination.
  • Changes to laws or regulations or in how such laws or regulations are interpreted or applied, or a failure to comply with any laws, regulations, interpretations or applications may adversely affect our business, including our ability to negotiate and complete our initial business combination.
  • Our search for a business combination, and any target business with which we ultimately consummate a business combination, may be materially adversely affected by the recent and ongoing military action between Russia and Ukraine.
  • Macro-economic turbulence and instability relating to recent and ongoing global conflicts and other drivers of uncertainty may adversely affect our business, investments and results of operations and our ability to successfully consummate a business combination.
  • We may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure or abandon a particular business combination. If we do not complete our initial business combination, our public shareholders may receive only approximately $10.00 per public share, or less in certain circumstances, on the liquidation of our trust account.
  • Risks Relating to our Securities
  • The securities in which we invest the funds held in the trust account could bear a negative rate of interest, which could reduce the value of the assets held in trust such that the per-share redemption amount received by public shareholders may be less than $10.00 per share.
  • If we seek shareholder approval of our initial business combination and we do not conduct redemptions pursuant to the tender offer rules, and if you or a “group” of shareholders are deemed to hold in excess of 15% of our public shares sold in our initial public offering, you will lose the ability to redeem all such shares in excess of 15% of our public shares.
  • Nasdaq may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.
  • A market for our securities may not develop or be sustained, which would adversely affect the liquidity and price of our securities.
  • Provisions in our amended and restated memorandum and articles of association may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future for our Class A ordinary shares and could entrench management.
  • Our amended and restated memorandum and articles of association provide that the courts of the Cayman Islands will be the exclusive forums for certain disputes between us and our shareholders, which could limit our shareholders’ ability to obtain a favorable judicial forum for complaints against us or our directors, officers or employees.
  • Changes in the market for directors and officers liability insurance could make it more difficult and more expensive for us to negotiate and complete an initial business combination.
  • The increase in, or persistency of, inflation in the United States and elsewhere could make it more difficult for us to complete our initial business combination.
  • The grant of registration rights to our sponsor and the underwriters may make it more difficult to complete our initial business combination, and the future exercise of such rights may adversely affect the market price of our Class A ordinary shares.
  • Risks Relating to our Sponsor and Management Team
  • We are dependent upon our officers and directors and their loss, or a reduction in the amount of time they can dedicate to our initial business combination, could adversely affect our ability to operate.
  • Our ability to successfully effect our initial business combination and to be successful thereafter will be dependent upon the efforts of our key personnel, some of whom may join us following our initial business combination. The loss of key personnel could negatively impact the operations and profitability of our post-combination business.
  • Our key personnel may negotiate employment or consulting agreements with a target business in connection with a particular business combination, and a particular business combination may be conditioned on the retention or resignation of such key personnel. These agreements may provide for them to receive compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining whether a particular business combination is the most advantageous.
  • The officers and directors of an acquisition candidate may resign upon completion of our initial business combination. The loss of a business combination target’s key personnel could negatively impact the operations and profitability of our post-combination business.
  • Our officers and directors will allocate their time to other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our initial business combination.
  • Our officers and directors presently have, and any of them in the future may have additional, fiduciary or contractual obligations to other entities, including another blank check company, and, accordingly, may have conflicts of interest in determining to which entity a particular business opportunity should be presented.
  • Certain of our officers and directors have or will have direct and indirect economic interests in us and/or our sponsor after the consummation of our initial public offering and such interests may potentially conflict with those of our public shareholders as we evaluate and decide whether to recommend a potential business combination to our public shareholders.
  • Our officers, directors, security holders and their respective affiliates may have competitive pecuniary interests that conflict with our interests.
  • We may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated with our sponsor, officers, directors or sponsor which may raise potential conflicts of interest.
  • Our management may not be able to maintain control of a target business after our initial business combination. Upon the loss of control of a target business, new management may not possess the skills, qualifications or abilities necessary to profitably operate such business.
  • Since our sponsor, officers and directors may lose their entire investment in us (other than with respect to public shares they may acquire after our initial public offering) if our initial business combination is not completed and no liquidating distributions from assets outside the trust account are available, a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination.
  • We may not have sufficient funds to satisfy indemnification claims of our sponsor, directors and officers.
  • We may amend the terms of the public warrants in a manner that may be adverse to holders of public warrants with the approval by the holders of at least 50% of the then-outstanding public warrants. As a result, the exercise price of your warrants could be increased, the exercise period could be shortened and the number of our Class A ordinary shares purchasable upon exercise of a warrant could be decreased, all without your approval.
  • We may redeem your unexpired warrants prior to their exercise at a time that is disadvantageous to you, thereby making your warrants worthless.
  • Our management’s ability to require holders of our public warrants to exercise such public warrants on a cashless basis will cause holders to receive fewer Class A ordinary shares upon their exercise of the public warrants than they would have received had they been able to exercise their public warrants for cash.
  • Our warrants may have an adverse effect on the market price of our Class A ordinary shares and make it more difficult to effectuate our initial business combination.
  • Because each unit contains one-half of one redeemable warrant and only a whole warrant may be exercised, the units may be worth less than units of other blank check companies.

Legal proceedings

There is no material litigation currently pending or, to the knowledge of our management, contemplated against us, any of our officers or directors in their capacity as such or against any of our property.

The opening of Item 3, Legal Proceedings.3

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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