GP-Act III Acquisition Corp. (NASDAQ: GPATW)

GP-Act III Acquisition Corp is a blank check company incorporated in the Cayman Islands on November 23 2020. The company was formed for the sole purpose of effecting a merger amalgamation share exchange asset acquisition share purchase reorganization or similar business combination with one or more businesses that have not yet been identified. GP-Act III Acquisition Corp intends to complete its initial business combination using cash from the proceeds of its initial public offering and the sale of private placement warrants, or a combination of cash shares and debt. The company's sponsors are GP-Act III Sponsor LLC and affiliated entities that provided seed capital and continue to support the search for a suitable target. As of the filing date the company holds the proceeds of its initial public offering in a trust account invested in marketable securities awaiting a qualifying business combination.

GP-Act III Acquisition Corp has not engaged in any operating activities and has not generated any revenue from the sale of goods or services since its inception. The company's only source of income is non operating interest earned on the marketable securities held in the trust account that contains the proceeds of its initial public offering. For the nine months ended September 30 2025 interest income amounted to nine million four hundred sixty five thousand six hundred forty dollars, which contributed to a net income of eight million nine hundred ninety seven thousand nine hundred twenty six dollars after deducting formation and operational costs. For the three months ended September 30 2025 interest income was three million two hundred thirty two thousand one hundred eighty seven dollars, resulting in net income of three million one hundred five thousand eight hundred fifty nine dollars. The company may withdraw interest from the trust account to pay any tax liabilities, and intends to use the trust principal and accrued interest to fund a future business combination or to provide working capital for the acquired business.

GP-Act III Acquisition Corp operates in the special purpose acquisition company sector, competing with numerous other blank check vehicles that seek to raise capital through an initial public offering and subsequently locate a suitable target for a business combination. The landscape includes many SPACs sponsored by private equity firms hedge funds and experienced operators, all vying for attractive acquisition opportunities across industries. GP-Act III Acquisition Corp differentiates itself through the experience of its sponsor group GP-Act III Sponsor LLC and its affiliates, which have a track record of identifying and executing transactions in various markets. The company's trust account holds the proceeds of its IPO in marketable securities, providing a secure source of funds that can be deployed quickly once a definitive agreement is reached. Additionally, the flexibility to consider cash, share or debt consideration allows the company to structure deals that meet the needs of both the target and its shareholders.

GP-Act III Acquisition Corp does not have a conventional customer base because it has not yet commenced operations or generated revenue from sales of products or services. The company's primary interactions are with potential target businesses that it evaluates for a possible business combination, with its sponsors who provide seed capital and governance, and with public investors who hold its shares and warrants. These relationships are driven by the search for a suitable acquisition partner and the need to maintain compliance with public company reporting obligations. Should a business combination be consummated, the resulting entity will serve the customers of the acquired business, which may include enterprises consumers or other end users depending on the industry of the target.