General Purpose Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering

Rhea-AI Summary

General Purpose Acquisition Corp (Nasdaq: GPACU) priced a $200,000,000 initial public offering of 20,000,000 units at $10.00 per unit on December 2, 2025. Each unit includes one Class A ordinary share and one-half redeemable warrant; whole warrants exercisable at $11.50 per share. Units begin trading on Nasdaq as GPACU on December 3, 2025; Class A shares and warrants expected to trade as GPAC and GPACW once separated. The offering is expected to close December 4, 2025, subject to customary conditions, and includes a 45-day option to purchase up to 3,000,000 additional units.

Positive

• Gross proceeds of $200,000,000 from initial unit sale
• Each unit includes a $11.50 exercisable warrant component
• Nasdaq listing under GPACU begins December 3, 2025
• Underwriters granted 45-day option for up to 3,000,000 units

Negative

• Up to 10,000,000 shares could be issued upon warrant exercise
• Over-allotment option equals 15% of base offering (3,000,000 units)
• No assurance the offering will complete on described terms

Key Figures

IPO size: $200,000,000 Units offered: 20,000,000 units Unit price: $10.00 per unit +5 more

8 metrics

IPO size $200,000,000 Initial public offering of units

Units offered 20,000,000 units IPO unit count at $10.00 per unit

Unit price $10.00 per unit IPO pricing for GPACU units

Warrant exercise price $11.50 per share Each whole warrant exercisable for one Class A share

Overallotment option 3,000,000 units 45-day option for underwriters to buy additional units

Effective date December 2, 2025 SEC effectiveness of registration statement

52-week range $10.00–$11.78 Pre-news 52-week low and high for GPACU

Current price $10.00 Pre-news price vs IPO unit price

Market Reality Check

Price: $10.04 Vol: Volume 69,658 is below th...

low vol

$10.04 Last Close

Volume Volume 69,658 is below the 20-day average of 505,646 (relative volume 0.14x). low

Technical Trading above 200-day MA of 8.84, with price at the unit offer level of $10.00.

Historical Context

1 past event · Latest: Dec 04 (Positive)

1 events

Date	Event	Sentiment	Move	Catalyst
Dec 04	IPO completion	Positive	+0.1%	Completion of $230,000,000 IPO including full 3,000,000-unit overallotment.

Recent Company History

This announcement priced General Purpose Acquisition Corp.’s IPO at $10.00 per unit for 20,000,000 units, ahead of the later completion of a $230,000,000 offering including the full over‑allotment of 3,000,000 units reported on Dec 04, 2025. Units trade as GPACU on Nasdaq, with separate trading of GPAC shares and GPACW warrants expected afterward. The earlier pricing and subsequent completion news both kept the stock essentially flat around the IPO level.

Market Pulse Summary

This announcement priced General Purpose Acquisition Corp.’s IPO at $10.00 per unit, each including ...

Analysis

This announcement priced General Purpose Acquisition Corp.’s IPO at $10.00 per unit, each including one Class A share and a half redeemable warrant exercisable at $11.50. Units are set to trade on Nasdaq as GPACU, with separate listings for GPAC and GPACW expected later. Investors may watch subsequent filings, the closing on December 4, 2025, and future business combination targets for the next major catalysts.

Key Terms

initial public offering, redeemable warrant, prospectus, registration statement, +1 more

5 terms

initial public offering financial

"it priced its initial public offering of 20,000,000 units at a price of $10.00"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

redeemable warrant financial

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

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.

prospectus regulatory

"The offering is being made only by means of a prospectus."

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"

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.

book-running manager financial

"Jefferies is acting 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.

AI-generated analysis. Not financial advice.

MILLBROOK, NY / ACCESS Newswire / December 2, 2025 / General Purpose Acquisition Corp. (the "Company") announced today that it priced its initial public offering of 20,000,000 units 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 will be listed on The Nasdaq Global Market ("Nasdaq") and trade under the ticker symbol "GPACU" beginning 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 offering is expected to close on December 4, 2025, subject to customary closing conditions.

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 is acting as the sole book-running manager and Ladenburg Thalmann and Northland Capital Markets are acting as co-managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, 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 ("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 initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or 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

What did GPACU price its IPO at and how many units were offered?

GPACU priced 20,000,000 units at $10.00 per unit for gross proceeds of $200,000,000.

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

Units begin trading on Nasdaq as GPACU on December 3, 2025.

What is the warrant exercise price and how many warrants were issued with the IPO?

Each whole warrant is exercisable at $11.50; the offering includes one-half warrant per unit, equal to 10,000,000 whole warrants if all units are sold.

When is the GPACU offering expected to close and are there closing conditions?

The offering is expected to close on December 4, 2025, subject to customary closing conditions.

What over-allotment option did GPAC grant the underwriters?

The company granted a 45-day option to purchase up to 3,000,000 additional units to cover over-allotments.

Who are the underwriters and where can investors obtain the prospectus?

Jefferies is sole book-runner with Ladenburg Thalmann and Northland as co-managers; prospectus available from Jefferies or the SEC website.