secwatch.observer — SEC 8-K summary
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Issuer:     GP-Act III Acquisition Corp. (GPAT)
CIK:        0001834526
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001104659-24-063089
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GP-Act III Acquisition Corp. completes $287.5M IPO and $7M private placement
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- Sold 28,750,000 units at $10.00 each, including full over-allotment, raising $287.5M.
- Simultaneously issued 7,000,000 private placement warrants at $1.00 each to sponsor and Cantor Fitzgerald, raising $7M.
- Proceeds of $287.5M placed in trust account; cash on hand $796,043; total assets $288.7M.
- Balance sheet shows $13.7M deferred underwriting fee and shareholders' deficit of $13.5M.
- Company has 24 months from IPO date to complete an initial business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834526/000110465924063089/0001104659-24-063089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834526/000110465924063089/tm2414811d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-063089

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