General Purpose Acquisition Corp. Announces Completion of $230,000,000 Initial Public Offering

Rhea-AI Summary

General Purpose Acquisition Corp (NASDAQ:GPACU) completed its initial public offering on December 3, 2025, raising $230,000,000 through the sale of 23,000,000 units at $10.00 per unit, including a full 3,000,000‑unit overallotment exercise. Each unit contains one Class A ordinary share and one‑half of one redeemable warrant; whole warrants are exercisable to buy one Class A share at $11.50. Units trade under GPACU on Nasdaq; the company expects separate trading of GPAC (shares) and GPACW (warrants) once separated. The issuer is a special purpose acquisition company formed to effect a business combination and is led by Chairman/CEO Peter Georgiopoulos, President Leonard Vrondissis and CFO Stewart Crawford.

Positive

• $230,000,000 raised via IPO
• Full 3,000,000-unit overallotment exercised
• Units listed on Nasdaq (GPACU) as of Dec 3, 2025

Negative

• Units include redeemable warrants that may cause future dilution at $11.50
• Company is a blank‑check SPAC with no operating business stated

Key Figures

IPO size $230,000,000 Initial public offering proceeds referenced in the announcement

Units offered 23,000,000 units Total units in the initial public offering

Over-allotment units 3,000,000 units Units sold via full exercise of underwriters' over-allotment option

Unit price $10.00 per unit IPO pricing for each unit

Warrant exercise price $11.50 per share Exercise price for each whole redeemable warrant

Par value $0.0001 per share Par value of each Class A ordinary share

IPO ticker listing date December 3, 2025 Date units began trading on Nasdaq under 'GPACU'

SEC effectiveness date December 2, 2025 Date registration statement was declared effective by the SEC

Market Reality Check

$10.00 Last Close

Volume Volume 7,008,455 is 20x the 20-day average of 350,423, indicating exceptional IPO trading activity. high

Technical Trading above the 200-day MA at 8.86, with current price at 10.00.

Regulatory & Risk Context

Short Interest

0.01%

0% 15% 30%+

low

Reported short interest at 0.01% of float with 6.04 days to cover indicates limited short-based pressure.

Market Pulse Summary

This announcement confirms completion of an IPO raising $230,000,000 through 23,000,000 units at $10.00 each, with additional upside optionality via warrants exercisable at $11.50. The company’s mandate as a special purpose acquisition vehicle makes future business combination announcements key milestones. Investors may track trading under ticker GPACU, the low reported short interest of 0.01%, and regulatory steps such as the SEC effectiveness on December 2, 2025 for context on risk and liquidity.

Key Terms

over-allotment option financial

"including 3,000,000 units sold pursuant to the full exercise of the underwriters' over-allotment option"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

redeemable warrant financial

"and one-half of one redeemable warrant, each whole warrant exercisable to purchase"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

Nasdaq Global Market technical

"The units are listed on The Nasdaq Global Market ("Nasdaq") and trade under"

The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.

special purpose acquisition company financial

"The Company is a special purpose acquisition company formed for the purpose of"

A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.

book-running manager financial

"Jefferies acted as the sole book-running manager."

A book-running manager is the lead organizer responsible for coordinating a large financial sale, such as issuing new stocks or bonds. They oversee preparing all necessary documents, setting the sale’s price, and finding buyers, much like a concert promoter arranging a major event. Their role matters to investors because they help ensure the offering is successfully sold at the best possible terms.

prospectus regulatory

"The offering was made only by means of a prospectus. Copies of the prospectus may be obtained"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

registration statement regulatory

"A registration statement relating to these securities was declared effective by the Securities"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

effective regulatory

"was declared effective by the Securities and Exchange Commission (the "SEC") on December 2, 2025"

"Effective" describes how well something achieves its intended purpose or result. For investors, understanding whether a strategy, policy, or measure is effective helps determine if it is successfully producing the desired outcome, much like checking if a recipe results in a tasty dish. It matters because it indicates whether efforts are working and if investments are likely to meet their goals.

AI-generated analysis. Not financial advice.

MILLBROOK, NY / ACCESS Newswire / December 4, 2025 / General Purpose Acquisition Corp. (the "Company") announced today the closing of its initial public offering of 23,000,000 units, including 3,000,000 units sold pursuant to the full exercise of the underwriters' over-allotment option, at a price of $10.00 per unit. Each unit consists of one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemable warrant, each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants will be exercisable. The units are listed on The Nasdaq Global Market ("Nasdaq") and trade under the ticker symbol "GPACU" as of December 3, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "GPAC" and "GPACW," respectively.

The Company is a special purpose acquisition company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company is led by Chairman and Chief Executive Officer, Peter Georgiopoulos, President and Director, Leonard Vrondissis and Chief Financial Officer, Stewart Crawford.

Jefferies acted as the sole book-running manager. Ladenburg Thalman and Northland Capital Markets acted as co-managers.

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, or by telephone at 877-821-7388 or by email at Prospectus_Department@Jefferies.com.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the "SEC") on December 2, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute "forward-looking statements," including with respect to the Company's search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact
Stewart Crawford
+1 845 677 4650
info@generalacquisition.com

SOURCE: General Purpose Acquisition Corp.

View the original press release on ACCESS Newswire

FAQ

How much did GPACU raise in its December 2025 IPO?

GPACU raised $230,000,000 from the sale of 23,000,000 units at $10.00 per unit, including a 3,000,000‑unit overallotment.

What does each GPACU unit include and what are the warrant terms?

Each unit includes one Class A ordinary share and one‑half of a redeemable warrant; whole warrants are exercisable to buy one share at $11.50.

When did GPACU begin trading on Nasdaq and under what ticker?

Units began trading on Nasdaq on December 3, 2025 under the ticker GPACU.

What Nasdaq symbols are expected after units separate for GPAC shares and warrants?

Class A ordinary shares are expected to trade as GPAC and warrants as GPACW once separated.

Who are the named executives leading General Purpose Acquisition Corp?

The company is led by Chairman and CEO Peter Georgiopoulos, President Leonard Vrondissis and CFO Stewart Crawford.