Company: GPAC
Filing Date: 2025-12-04
Form Type: SCHEDULE 13D
Source: 0001140361-25-044365
Chunk: 1

Company: General Purpose Acquisition Corp.
Filing Date: 2025-12-04
Form: SCHEDULE 13D
Chunk 1
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 Further, pursuant to the Letter Agreement, the Sponsor has agreed to vote any of its Founder Shares and Class A ordinary shares included in the Private Placement Units held by it and any public shares purchased during or after the IPO (including in open market and privately-negotiated transactions) in favor of a Business Combination (except with respect to any such public shares which may not be voted in favor of approving the Business Combination transaction in accordance with the requirements of Rule 14e-5 under the Securities Exchange Act of 1934, as amended, and any U.S. Securities and Exchange Commission interpretations or guidance relating thereto). Lock-up Agreement Further, pursuant to the Letter Agreement, the Sponsor has agreed not to transfer, assign or sell any of the Founder Shares except to certain permitted transferees until the earlier of (A) one year following the completion of the Company's initial Business Combination and (B) subsequent to the completion of the Company's initial Business Combination, (x) provided that if the last sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 180 days after the completion of the Company's initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, amalgamation, capital stock exchange, reorganization or other similar transaction that results in all of the Company's Public Shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property. The Sponsor has also agreed not to transfer, assign or sell any of the Private Placement Units (including the securities comprising such units) except to certain permitted transferees until 30 days after the completion of a Business Combination. Additionally, the Sponsor has agreed that it will not, without the prior consent of the IPO underwriters, transfer, enter into an arrangement to transfer or publicly announce an intent to transfer the Founder Shares, Private Placement Units (including the securities comprising such units), or any public shares it holds, except to certain permitted transferees, commencing on the effective date of the underwriting agreement entered in connection with the IPO and ending 180 days after such date. The foregoing description of the Letter Agreement does not purport to be complete and is subject to, and qualified in