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GP-Act III (NASDAQ: GPAT) delays vote on SPAC extension plans

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

GP-Act III Acquisition Corp. adjourned its extraordinary general meeting held on April 29, 2026 after shareholders approved an adjournment proposal to allow more time to solicit proxies. The meeting will reconvene on May 6, 2026 to vote on extending its business combination deadline and related trust agreement from May 13, 2026 to November 13, 2026.

Of 35,937,500 ordinary shares outstanding on the March 24, 2026 record date, 81.67% were represented, and the adjournment proposal received 21,313,393 votes for, 8,034,735 against and 1,000 abstentions. Shareholders who previously elected to redeem their public Class A shares may reverse their redemption requests by contacting the transfer agent by 9:00 a.m. Eastern Time on May 6, 2026.

Positive

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Negative

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Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Shares outstanding 35,937,500 ordinary shares Issued and outstanding as of March 24, 2026 record date
Quorum represented 81.67% Percentage of ordinary shares represented at extraordinary general meeting
Votes for adjournment 21,313,393 votes Adjournment Proposal approval at April 29, 2026 meeting
Votes against adjournment 8,034,735 votes Adjournment Proposal opposition at extraordinary general meeting
Adjournment abstentions 1,000 votes Abstentions on Adjournment Proposal
Existing deadline May 13, 2026 Current date to complete initial business combination and trust liquidation
Proposed extended deadline November 13, 2026 Target date under Extension Amendment Proposal and Trust Amendment Proposal
Redemption reversal cutoff 9:00 a.m. Eastern Time on May 6, 2026 Deadline to reverse prior public Class A share redemptions
Extraordinary General Meeting regulatory
"GP-Act III Acquisition Corp., a Cayman Islands exempted company (the “Company” or “GP-Act III”), convened and then adjourned its extraordinary general meeting of shareholders"
Extension Amendment Proposal regulatory
"a proposal to amend the Company’s amended and restated memorandum and articles of association to extend the date by which the Company must ... from May 13, 2026 to November 13, 2026 (the “Extension Amendment Proposal”)"
Trust Amendment Proposal regulatory
"a proposal to amend the Investment Management Trust Agreement ... to extend the date on which the trustee must liquidate the trust account ... from May 13, 2026 to November 13, 2026 (the “Trust Amendment Proposal”)"
Investment Management Trust Agreement financial
"a proposal to amend the Investment Management Trust Agreement, dated May 8, 2024, by and between the Company and Continental Stock Transfer & Trust Company"
A written contract that names who will run and make investment decisions for a trust’s assets, spells out their authority, duties, fees and how performance and risks will be handled. It matters to investors because it defines who is responsible for growing and protecting the money—like hiring a caretaker with a clear job description—and sets the rules and safeguards that affect returns, costs and how disputes or withdrawals are resolved.
forward-looking statements regulatory
"The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of the “safe harbor” provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
business combination financial
"consummate a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “business combination”)"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): April 29, 2026

 

GP-Act III Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

 

 

Cayman Islands   001-42046   N/A
(State or other jurisdiction   (Commission File Number)   (I.R.S. Employer
of incorporation)       Identification No.)

 

300 Park Avenue, 2nd Floor,
New York
, New York
  10022
(Address of principal executive offices)   (Zip Code)

 

+1 (212) 430-4340

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant   GPATU   The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share   GPAT   The Nasdaq Stock Market LLC
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50   GPATW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

On April 29, 2026 at 9:00 a.m., Eastern Time, GP-Act III Acquisition Corp., a Cayman Islands exempted company (the “Company” or “GP-Act III”), convened and then adjourned its extraordinary general meeting of shareholders (the “Extraordinary General Meeting”), at which the Company’s shareholders are being asked to vote on, among other things, (i) a proposal to amend the Company’s amended and restated memorandum and articles of association to extend the date by which the Company must (1) consummate a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “business combination”), (2) cease its operations except for the purpose of winding up if it fails to complete such business combination, and (3) redeem all of the Company’s Class A ordinary shares included as part of the units sold in the Company’s initial public offering, from May 13, 2026 to November 13, 2026 (the “Extension Amendment Proposal”), and (ii) a proposal to amend the Investment Management Trust Agreement, dated May 8, 2024, by and between the Company and Continental Stock Transfer & Trust Company, as trustee, to extend the date on which the trustee must liquidate the trust account established in connection with the Company’s initial public offering if the Company has not completed its initial business combination, from May 13, 2026 to November 13, 2026 (the “Trust Amendment Proposal”).

 

The only proposal submitted for a vote of the shareholders at the Extraordinary General Meeting was the approval of the adjournment of such meeting in accordance with the Articles of Association of the Company and Cayman Islands law (the “Adjournment Proposal”), to permit further solicitation and vote of proxies in connection with the Extension Amendment Proposal and the Trust Amendment Proposal.

 

As of the close of business, Eastern Time, on March 24, 2026, the record date for the Extraordinary General Meeting, there were 35,937,500 ordinary shares of the Company issued and outstanding, 81.67% of which shares were represented in person or by proxy, constituting a quorum to conduct business.

 

The following is a tabulation of the votes with respect to the Adjournment Proposal, which was approved by the Company’s shareholders:

 

Approval of the Adjournment Proposal

 

Votes For   Votes Against   Abstentions
21,313,393   8,034,735   1,000

 

The Extraordinary General Meeting has been adjourned to May 6, 2026 at 9:00 a.m, Eastern Time (the “Adjourned Meeting”). The Adjourned Meeting can be attended using the same access information that was used initially for the Extraordinary General Meeting.

 

Shareholders will be able to attend the Adjourned Meeting online, vote, view the list of shareholders entitled to vote at the Adjourned Meeting and submit their questions during the Adjourned Meeting by visiting https://www.cstproxy.com/gp-act3/2026 and entering the 12-digit control number included on their proxy card. Shareholders may also attend the Adjourned Meeting by telephone within the U.S. and Canada by dialing 1 800-450-7155 (toll-free) or outside of the U.S. and Canada by dialing +1 857-999-9155 (standard rates apply) and, in each case, entering the conference identification number 7686293#.

 

Shareholders will also be permitted to attend the Adjourned Meeting in person at the offices of Skadden, Arps, Slate, Meagher & Flom LLP, located at Avenida Brigadeiro Faria Lima, 3311, 7th Floor, 04538-133, São Paulo, São Paulo, Brazil.

 

At the Adjourned Meeting, shareholders will be asked to vote on the Extension Amendment Proposal and the Trust Amendment Proposal, as described in detail in the definitive proxy statement (the “Proxy Statement”) related to the Extraordinary General Meeting filed by the Company with the Securities and Exchange Commission (the “SEC”) on March 30, 2026.

 

Extension of Time to Reverse Redemptions

 

In connection with the adjournment of the Extraordinary General Meeting, the Company has determined that it will allow shareholders who previously elected to redeem their public Class A ordinary shares to reverse their redemption requests by sending, or having their brokers contact, the Company’s transfer agent, Continental Stock Transfer & Trust Company, by email at spacredemptions@continentalstock.com by 9:00 a.m. Eastern Time on May 6, 2026.

 

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Additional Information

 

Important Information About the Extension and Where to Find It

 

The Company filed its Definitive Proxy Statement for the Extraordinary General Meeting with the SEC on March 30, 2026 to consider and vote upon, among other things, the Extension Amendment Proposal and the Trust Amendment Proposal, and, beginning on or about March 30, 2026, first mailed the Proxy Statement and other relevant documents to its shareholders as of the March 24, 2026 record date for the Extraordinary General Meeting. The Company’s shareholders and other interested persons are advised to read the Definitive Proxy Statement and any amendments and supplements thereto, as well as all other relevant materials filed or that will be filed with the SEC, in connection with the Company’s solicitation of proxies for the Extraordinary General Meeting and the Adjourned Meeting to be held to approve, among other things, the Extension Amendment Proposal and the Trust Amendment Proposal, because these documents will contain important information about the Company, the Extension Amendment Proposal and the Trust Amendment Proposal. Shareholders may also obtain a copy of the Definitive Proxy Statement, as well as other documents filed with the SEC by the Company, without charge, at the SEC’s website located at www.sec.gov or by directing a request to the Company’s proxy solicitor, Sodali & Co., GPAT.info@investor.sodali.com.

 

Participants in the Solicitation

 

The Company and certain of its directors, executive officers and other members of management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of the Company’s shareholders in connection with the extension. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of the Company’s shareholders in connection with the extension is set forth in the Company’s most recent Annual Report on Form 10-K for the year ended December 31, 2025 and the Definitive Proxy Statement and any amendments thereto that have been filed with the SEC. Shareholders, potential investors and other interested persons should read the Definitive Proxy Statement carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

 

Forward-Looking Statements

 

The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. These forward-looking statements include, but are not limited to, statements regarding the timing and conduct of the Adjourned Meeting, the approval of the Extension Amendment Proposal and the Trust Amendment Proposal, the consummation of any potential business combination, the amount of redemption requests made by the Company’s public shareholders and the funds that will remain in the trust account following any redemptions. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the Company to successfully or timely implement the Extension Amendment Proposal and the Trust Amendment Proposal or that the approval of the shareholders of the Company is not obtained; the amount of redemption requests made by the Company’s public shareholders; and those factors described or referenced in the Company’s filings with the SEC, including under the heading “Risk Factors”. If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company presently knows or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date hereof. The Company anticipates that subsequent events and developments will cause the Company’s assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so except as otherwise required by applicable law. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date hereof. Accordingly, undue reliance should not be placed upon the forward-looking statements.

 

No Offer or Solicitation

 

This Current Report on Form 8-K is for informational purposes only and shall not constitute an offer to sell, nor a solicitation of an offer to buy, any securities in connection with the Extension Amendment Proposal, the Trust Amendment Proposal or otherwise, or the solicitation of a proxy, consent or authorization in any jurisdiction pursuant to or in connection with the Extension Amendment Proposal, the Trust Amendment Proposal or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction or otherwise in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or an exemption therefrom, and otherwise in accordance with applicable law.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  GP-Act III Acquisition Corp.
     
Date: April 29, 2026 By: /s/ Rodrigo Boscolo
    Name: Rodrigo Boscolo
    Title: Chief Financial Officer
(Principal Financial and Accounting Officer)

 

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FAQ

What did GPAT’s GP-Act III shareholders approve at the April 29, 2026 meeting?

Shareholders approved an adjournment of GP-Act III’s extraordinary general meeting. This adjournment allows additional time to solicit proxies before voting on extending the SPAC’s business combination deadline and related trust agreement from May 13, 2026 to November 13, 2026.

When will GPAT’s adjourned extraordinary general meeting reconvene?

The adjourned extraordinary general meeting for GP-Act III will reconvene on May 6, 2026 at 9:00 a.m. Eastern Time. Shareholders can attend online, by telephone, or in person at a specified Skadden office location in São Paulo, Brazil, using the same access details.

What proposals will GP-Act III (GPAT) vote on at the adjourned meeting?

At the adjourned meeting, shareholders will vote on an Extension Amendment Proposal and a Trust Amendment Proposal. These would move the SPAC’s deadline to complete a business combination, and the related trust liquidation date, from May 13, 2026 to November 13, 2026.

How many GPAT shares were eligible and voted on the adjournment proposal?

As of March 24, 2026, GP-Act III had 35,937,500 ordinary shares outstanding, with 81.67% represented at the meeting. The adjournment proposal received 21,313,393 votes for, 8,034,735 against and 1,000 abstentions, which was sufficient for approval under the company’s governing documents.

Can GP-Act III (GPAT) shareholders reverse prior redemption requests?

Yes. Shareholders who previously elected to redeem their public Class A shares may reverse those requests. They, or their brokers, must contact Continental Stock Transfer & Trust Company by email by 9:00 a.m. Eastern Time on May 6, 2026 to effect the reversal.

Where can investors find more details about GPAT’s extension proposals?

Investors can review GP-Act III’s Definitive Proxy Statement filed March 30, 2026. It describes the Extension Amendment Proposal and Trust Amendment Proposal and is available free on the SEC’s website or from the company’s proxy solicitor, Sodali & Co., via the email address provided.

Filing Exhibits & Attachments

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