GP-Act III Acquisition Corp.
GPAT
NASDAQ Global Market10.84
USD
+0.01
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GP-Act III Acquisition Corp.
GPAT
(NASDAQ Global Market)
Recent
price
10.85
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- GP-Act III Acquisition Corp. (GPAT) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting US-based or US-focused companies with enterprise values of at least $1 billion that possess exceptional brands, differentiated customer value propositions, and dominant market positions across various sectors; the company offers no current operational products or services beyond its SPAC structure, including Class A ordinary shares and redeemable warrants exercisable at $11.50 per share. Founded on November 23, 2020, and headquartered in New York, New York, as a Cayman Islands exempted company, GP-Act III leverages a tripartite partnership among GP Investments, IDS III LLC, and Boxcar Partners III LLC, supported by a seasoned management team featuring Co-Chairmen Fersen Lambranho and Steven L. Spinner, CEO Antonio Bonchristiano, CFO Rodrigo Boscolo, and directors including Andrew Fleiss, Alexandre Ruberti, and Sergio Pedreiro, who bring extensive C-level experience from US-listed public companies in industries such as food distribution, logistics, and finance. In recent developments, the company completed a $287.5 million initial public offering in May 2024, upsized from an initial $250 million pricing and involving 28.75 million units at $10 each through Cantor Fitzgerald & Co., with shares and warrants trading on Nasdaq under GPAT and GPATW; it changed its name from GP Investments Acquisition Corp. II in November 2020 and maintains flexibility in pursuing targets amid a diverse global network, though its SEC Exchange Act registration stands revoked as of late 2025 with no active merger announced.