GP-Act III Acquisition (GPATU) Stock Price, News & Analysis

Company Overview

GP-Act III Acquisition (NASDAQ:GPATU) is a special purpose acquisition company, commonly known as a SPAC, incorporated in Delaware. The company completed its initial public offering in August 2021, issuing units comprised of one share of Class A common stock and one‐third of a warrant. As a blank check company, GP-Act III Acquisition did not engage in commercial operations prior to its IPO; instead, it placed the net proceeds from the offering into a trust account designated for use in a future business combination.

GP-Act III Acquisition is overseen by a management team with experience in investment banking, corporate finance and strategic transactions. The company’s primary objective is to identify and merge with a private operating business, thereby providing the target with access to public capital markets. Under its charter, GP-Act III Acquisition has a predetermined time frame—typically 24 months from the closing of its IPO—to complete a qualifying merger, acquisition or asset purchase. If no business combination is consummated within this period, the SPAC is required to liquidate and return the trust account proceeds to its public shareholders.

Although GP-Act III Acquisition has not yet announced a definitive merger agreement, its SPAC structure offers investors an opportunity to participate in the upside potential of a private company as it transitions to a publicly traded entity. Upon completion of a successful business combination, the combined company is expected to benefit from enhanced access to capital, expanded liquidity and the public reporting framework. GP-Act III Acquisition’s focus on identifying a compelling target and executing a disciplined due diligence process underpins its appeal to investors seeking exposure to emerging growth opportunities through a liquid, trust-backed vehicle.

Key Stats

• Today's Range: $10.66 to $10.66
• 50-Day Range: $10.00 to $10.70
• 52-Week Range: $10.00 to $11.99
• Volume: N/A
• Average Volume: 1,859 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

GPATU Stock Analysis - Frequently Asked Questions

How have GPATU shares performed this year?

GP-Act III Acquisition's stock was trading at $10.24 at the beginning of the year. Since then, GPATU shares have increased by 4.1% and is now trading at $10.66.

When did GP-Act III Acquisition IPO?

GP-Act III Acquisition (GPATU) raised $250 million in an IPO on Thursday, May 9th 2024. The company issued 25,000,000 shares at a price of $10.00 per share.

How do I buy shares of GP-Act III Acquisition?

Shares of GPATU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Financial Services
• Industry: Shell Companies
• Sub-Industry: Trading
• Current Symbol: NASDAQ:GPATU
• CIK: 1834526
• Web: www.gp-act3.com
• Phone: 212-430-4340
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
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• Price / Cash Flow: N/A
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• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: N/A
• Beta: N/A