GPAT

GP-Act III Acquisition Corp. is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is sponsored by an affiliate of Global Principal Partners III, LLC. As a blank check company, GPAT does not have operations or revenue-generating activities of its own, but instead focuses on identifying and combining with a target company in the technology, media, or telecommunications sectors. The SPAC raised approximately $250 million through its initial public offering, with units trading on the NASDAQ under the ticker symbol GPAT. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant. The company's management team and sponsor bring experience in private equity, technology investments, and operational expertise across various industries. GPAT operates under a defined timeline to complete a business combination, typically within 18 to 24 months from its IPO date, or face mandatory liquidation and return of capital to shareholders. The company actively evaluates potential acquisition targets that demonstrate growth potential, competitive advantages, and alignment with its investment criteria, while conducting thorough due diligence to maximize value for shareholders.