Here are the 10-Q quarterly reports from General Purpose Acquisition Corp. (GPAC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GPAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GPAC filings page.
General Purpose Acquisition Corp., a Cayman Islands blank check company, reported net income of $1,688,872 for the quarter and $3,370,425 for the six months ended June 30, 2026, driven by interest income of $1,925,295 in the quarter and $3,887,520 year-to-date on funds in its Trust Account, partially offset by general and administrative expenses of $236,423 and $517,095, respectively.
Total assets were $235,640,821, including $234,527,947 of cash and marketable securities held in the Trust Account and $937,889 of cash outside the trust. At June 30, 2026, 23,000,000 Class A ordinary shares were classified as subject to possible redemption at approximately $10.20 per share, and the company had a shareholders’ deficit of $8,528,900, reflecting SPAC capital structure and accretion to redemption value.
The company has not commenced operating activities and is focused on identifying an initial business combination. Management reports working capital of $619,400 and believes available liquidity is sufficient to meet working capital needs for at least one year from the issuance date of these financial statements.
General Purpose Acquisition Corp. is a blank check company that has not yet completed a business combination and continues to generate only investment income. As of March 31, 2026, it held total assets of $233.8 million, including $232.6 million of cash and marketable securities in its Trust Account.
For the quarter, the company reported net income of $1.68 million, driven by $1.96 million of interest income on Trust investments, partially offset by $280,672 of general and administrative expenses. Cash outside the Trust was $1.02 million, and management believes this provides sufficient liquidity for at least one year while it searches for a suitable merger target.