Company: GPAC
Filing Date: 2025-10-14
Form Type: S-1
Source: 0001140361-25-038051
Chunk: 351

Company: General Purpose Acquisition Corp.
Filing Date: 2025-10-14
Form: S-1
Chunk 351
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 Changes in operating assets and liabilities:                                         |     |           |
| Accrued expenses                                                                     |     |    13,388 |
| Accounts payable                                                                     |     |     1,170 |
| Net cash used in operating activities                                                |     |         — |
| Net change in cash                                                                   |     |         — |
| Cash – beginning of period                                                           |     |         — |
| Cash – end of period                                                                 |     |        $— |
| Supplemental disclosure of non-cash investing and financing activities:              |     |           |
| Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares |     |   $25,000 |
| Deferred offering included in accrued offering costs                                 |     |   $57,352 |

The accompanying notes are an integral part of these financial statements. F-6

TABLE OF CONTENTS GENERAL PURPOSE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS AUGUST 11, 2025 Note 1 — Organization and Business Operations General Purpose Acquisition Corp. (the “Company”) was incorporated as a Cayman Islands exempted company on July 25, 2025. The Company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities (the “Business Combination”). The Company has not selected any specific Business Combination target and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any Business Combination target with respect to an initial Business Combination with the Company. As of August 11, 2025, the Company had not yet commenced operations. All activity for the period from July 25, 2025 (inception) through August 11, 2025 relates to the Company’s formation and the proposed initial public offering (“Proposed Public Offering”), which is described below. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the Proposed Public Offering. The Company has selected December 31 as its fiscal year end. The Company’s sponsor is General Purpose Acquisition Corp Services LLC (the “Sponsor”). The Company’s ability to commence operations is contingent upon obtaining adequate financial resources through a Proposed Public Offering of 20,000,000 units at $10.00 per unit (