GP-Act III Acquisition Corp. Overview
Pro stress-test →GP-Act III Acquisition Corp. is a blank check company that announced pricing of its initial public offering of 25,000,000 units at $10.00 per unit in May 2024. The firm is a tripartite partnership among GP Investments, IDS III LLC, and Boxcar Partners III, LLC, combining decades of experience in investing, building and managing multi-billion-dollar private and public companies across sectors and geographies.
Strategic Profile
Pro stress-test →The SPAC has 24 months from the IPO closing to complete an initial business combination with a target valued at least 80% of net trust assets, or it must redeem all public shares and liquidate. In May 2026, the company extended its termination and trust liquidation dates from May 13, 2026 to November 13, 2026, signaling ongoing deal pursuit with extended runway.
Competitive Landscape
Pro stress-test →GP-Act III operates in the competitive SPAC market alongside numerous other blank-check companies seeking acquisition targets. Its positioning relies on sponsor relationships and capital deployment speed rather than operational competition.
Industry Context
GP-Act III Acquisition Corp. operates in Special Purpose Acquisition Companies (SPACs).
Key facts
Founded: 2020 · Headquarters: New York, US · Employees: 0 · Revenue: $0 · Market cap: $378.42M