GPAC closes $230M IPO and $6.6M private placement; trust funded at $230M

General Purpose Acquisition Corp.

Closed IPO of 23,000,000 units (incl. full over-allotment) at $10/unit; gross proceeds $230M.
Private placement of 660,000 units to sponsor and underwriters at $10/unit; gross $6.6M.
Net proceeds of $230M placed in trust account; cash to Company approx. $1.4M.
Audited balance sheet as of Dec 4, 2025 filed; working capital ~$1.4M, shareholders' deficit ($7.8M).
Company has 24 months from IPO to complete a business combination.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.