GPATU

GP-Act III Acquisition Corp. (GPATU) operates as 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 Partner Acquisition Corp II, focusing on identifying target businesses in the technology, media, and telecommunications sectors. As a blank check company, GPATU does not have operations of its own but rather seeks to leverage its management team's expertise to identify and complete a business combination with a private company seeking public market access. The company completed its initial public offering, raising capital held in trust for the purpose of consummating a qualified business combination. GPATU's units initially consisted of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at a specified price. The company operates under a defined timeframe to complete its business combination, after which, if no transaction is consummated, it must dissolve and return funds to shareholders. GPATU's management team brings experience in capital markets and mergers and acquisitions to evaluate potential combination targets.