---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-045151"
form_type: "8-K"
ticker: "GPAC"
cik: "0002085408"
company_name: "General Purpose Acquisition Corp."
filed_at: "2025-12-10T23:59:59+00:00"
generated_at: "2026-05-16T13:41:35.632625+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-045151
- form_type: 8-K
- ticker: GPAC
- cik: 0002085408
- company_name: General Purpose Acquisition Corp.
- filed_at: 2025-12-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2085408/000114036125045151/0001140361-25-045151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2085408/000114036125045151/ef20060868_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-045151
- JSON: https://secwatch.observer/filing/0001140361-25-045151.json
- Plain text: https://secwatch.observer/filing/0001140361-25-045151.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.