secwatch.observer — SEC 8-K summary
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Issuer:     General Purpose Acquisition Corp. (GPAC)
CIK:        0002085408
Form:       8-K
Filed at:   2025-12-10T23:59:59+00:00
Accession:  0001140361-25-045151
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2085408/000114036125045151/0001140361-25-045151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2085408/000114036125045151/ef20060868_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-045151

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