[SCHEDULE 13G] General Purpose Acquisition Corp. Passive Investment Disclosure (>5%)
Glazer Capital reports 5.25% stake in GPAC
Glazer Capital, LLC and Paul J. Glazer report beneficial ownership of Class A ordinary shares of General Purpose Acquisition Corp. They report holding 1,241,273 shares, representing 5.25% of the class.
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Glazer Capital, LLC and Paul J. Glazer report beneficial ownership of Class A ordinary shares of General Purpose Acquisition Corp. They report holding 1,241,273 shares, representing 5.25% of the class.
The Reporting Persons have shared power to vote and dispose of all 1,241,273 shares, with no sole voting or dispositive power. The shares are held by funds and managed accounts for which Glazer Capital acts as investment manager, including Glazer Capital Enhanced Master Fund, Ltd., which has the right to receive or direct the receipt of proceeds from the sale of more than 5% of the outstanding shares.
Paul J. Glazer is the Managing Member of Glazer Capital and is reported as a beneficial owner in that capacity, while expressly stating that the filing should not be construed as an admission of beneficial ownership for Section 13 purposes beyond what is reported.
Key Figures
Beneficially owned shares:1,241,273 sharesPercent of class:5.25%Shared voting power:1,241,273 shares+2 more
5 metrics
Beneficially owned shares1,241,273 sharesClass A ordinary shares of General Purpose Acquisition Corp. reported as beneficially owned
Percent of class5.25%Reported percentage of GPAC Class A ordinary shares outstanding
Shared voting power1,241,273 sharesShares over which the Reporting Persons have shared power to vote or direct the vote
Shared dispositive power1,241,273 sharesShares over which the Reporting Persons have shared power to dispose or direct the disposition
Par value per share$0.0001Par value of GPAC Class A ordinary shares
Key Terms
beneficial owner, shared voting power, shared dispositive power, Investment Company Act of 1940, +1 more
5 terms
beneficial ownerregulatory
"not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting powerfinancial
"Shared Voting Power 1,241,273.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 1,241,273.00"
Investment Company Act of 1940regulatory
"shareholders of an investment company registered under the Investment Company Act of 1940"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
Class A ordinary sharesfinancial
"Title of class of securities: Class A ordinary shares, par value $0.0001 par value"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of GENERAL PURPOSE ACQUISITION CORP. (GPAC) does Glazer Capital own?
Glazer Capital and Paul J. Glazer report beneficial ownership of 5.25% of General Purpose Acquisition Corp.'s Class A ordinary shares, representing 1,241,273 shares held through funds and managed accounts advised by Glazer Capital.
How many GPAC Class A shares are reported as beneficially owned by Glazer Capital?
The Reporting Persons state they beneficially own 1,241,273 Class A ordinary shares of General Purpose Acquisition Corp., which they indicate equals 5.25% of the class, all held through Glazer Capital-managed funds and accounts.
What voting and dispositive powers does Glazer Capital report over GPAC shares?
Glazer Capital and Paul J. Glazer report 0 shares with sole voting or dispositive power and 1,241,273 shares with shared voting and shared dispositive power over General Purpose Acquisition Corp.'s Class A shares.
Who actually holds the GPAC shares reported by Glazer Capital (GPAC)?
The shares are held by Glazer Funds, including Glazer Capital Enhanced Master Fund, Ltd., for which Glazer Capital acts as investment manager and which may receive or direct the proceeds from the sale of more than 5% of GPAC's shares.
How does Paul J. Glazer relate to the GPAC holdings reported?
Paul J. Glazer is reported as a beneficial owner in his role as Managing Member of Glazer Capital. The statement notes it should not be construed as an admission of beneficial ownership beyond the 1,241,273 shares reported.
What class of securities of GPAC is covered by this Glazer Capital filing?
The filing covers Class A ordinary shares of General Purpose Acquisition Corp., each with a par value of $0.0001, identified by CUSIP G3810N106, with 1,241,273 such shares reported as beneficially owned.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
GENERAL PURPOSE ACQUISITION CORP.
(Name of Issuer)
Class A ordinary shares, par value $0.0001 par value
(Title of Class of Securities)
G3810N106
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G3810N106
1
Names of Reporting Persons
Glazer Capital, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,241,273.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,241,273.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,241,273.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.25 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP Number(s):
G3810N106
1
Names of Reporting Persons
Paul J. Glazer
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,241,273.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,241,273.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,241,273.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.25 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
GENERAL PURPOSE ACQUISITION CORP.
(b)
Address of issuer's principal executive offices:
59 Front Street, Millbrook, New York 12545
Item 2.
(a)
Name of person filing:
This statement is filed by:
(i) Glazer Capital, LLC, a Delaware limited liability company ("Glazer Capital"), with respect to the shares of Common Stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Glazer Capital serves as investment manager (collectively, the "Glazer Funds"); and
(ii) Mr. Paul J. Glazer ("Mr. Glazer"), who serves as the Managing Member of Glazer Capital, with respect to the shares of Common Stock held by the Glazer Funds.
The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."
The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the shares of Common Stock (as defined in Item 2(d)) reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the business office of each of the Reporting Persons is 250 West 55th Street, Suite 30A, New York, New York 10019.
(c)
Citizenship:
Glazer Capital is a Delaware limited liability company. Mr. Glazer is a United States citizen.
(d)
Title of class of securities:
Class A ordinary shares, par value $0.0001 par value
(e)
CUSIP Number(s):
G3810N106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,241,273
(b)
Percent of class:
5.25%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,241,273
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
1,241,273
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2. Glazer Capital Enhanced Master Fund, Ltd., a Glazer Fund, has the right to receive or the power to direct the receipt of the proceeds from the sale of more than 5% of the shares of Common Stock outstanding.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
