GP-Act III Acquisition Corp closes $287.5M IPO, includes full over-allotment and $7M private placement

GP-Act III Acquisition Corp.

Closed IPO of 28,750,000 units at $10.00/unit, gross proceeds of $287.5M.
Underwriter exercised over-allotment in full for 3,750,000 units.
Concurrent private placement of 7,000,000 warrants at $1.00/warrant, gross proceeds of $7M.
Trust account funded with $287.5M from IPO and private placement proceeds.

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