SPAC General Purpose Acquisition Corp. completes $230M IPO with full over-allotment

General Purpose Acquisition Corp.

Closed IPO of 23,000,000 units at $10.00 each, gross $230M, including full 3,000,000-unit over-allotment exercise.
Private placement of 660,000 units at $10.00 each to sponsor (430,000) and underwriter (230,000) for $6.6M.
Net proceeds of $225,376,487 deposited in trust account at J.P. Morgan Chase, held until business combination or redemption.
Appointed four independent directors: Alexandros Argyros, Chele Farley, Jonathan Intrater, Warren Hosseinion.
Units trade on Nasdaq under GPACU; Class A shares and warrants expected to list under GPAC and GPACW.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

General Purpose Acquisition Corp. issued 660,000 units of unit to Sponsor and Jefferies LLC for $10.00 per unit (for an aggregate purchase price of $6,600,000).

Security: unit
Shares: 660,000 units
Purchaser: Sponsor and Jefferies LLC
Consideration: $10.00 per unit (for an aggregate purchase price of $6,600,000)

Exact text from the filing

the Company completed the private sale of 660,000 units (the “Private Placement Units”) at the IPO price of $10.00 per unit (for an aggregate purchase price of $6,600,000). Of those 660,000 Private Placement Units, the Sponsor purchased 430,000 Private Placement Units and Jefferies LLC, as representative for the underwriters, purchased 230,000 Private Placement Units.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

General Purpose Acquisition Corp.: Adopted Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2025-12-02).

Change: charter amendment
Effective: 2025-12-02

Exact text from the filing

On December 2, 2025, in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association (the “Amended Charter”), effective the same day.

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226 equity issuances filed in the last 30 days. Browse all equity issuances →

General Purpose Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001140361-25-044361

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