GP-Act III Acquisition Corp. (GPAT) Form 10-Q — May 14, 2026
GP-Act III Acquisition Corp. reported net income of $2.15 million for the quarter ended March 31, 2026, driven primarily by $2.72 million in interest earned on its trust account. The company held $311.9 million in the trust account and $119,428 in operating cash, with a working capital deficit of $1.01 million. Subsequent to the quarter end, shareholders approved an extension of the business combination deadline to November 13, 2026.
Key figures
- Eps
- 0.06
- Net Income
- 2153378
- Total Debt
- 15255795
- Total Assets
- 312105383
- Cash Position
- 119428
- Interest Income
- 2718657
- Operating Expenses
- 565279
- Trust Account Balance
- 311898868
- Warrants Outstanding
- 21375000
- Class AShares Outstanding
- 35937500
- Class BShares Outstanding
- 0
- Deferred Underwriting Fee
- 13687500
- Promissory Notes Outstanding
- 515000
Price after filing
1 day: 0.0%7 days: -0.4%30 days: -0.1%
Close on the filing date to close N calendar days later (from $10.84). Historical, not a forecast.
AI analysis
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