Company: GPAC
Filing Date: 2025-11-18
Form Type: S-1/A
Source: 0001140361-25-042608
Chunk: 100

Company: General Purpose Acquisition Corp.
Filing Date: 2025-11-18
Form: S-1/A
Chunk 100
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 of sales or earnings, we may be affected by the risks inherent in the business and operations of a financially unstable or a development stage entity. In recent years, a number of target businesses of SPACs have underperformed financially post-business combination. There are no assurances that the target business with which we consummate our initial business combination will perform as anticipated. Although our officers and directors will endeavor to evaluate the risks inherent in a particular target business, we may not properly ascertain or assess all of the significant risk factors or that we will have adequate time to complete due diligence. Furthermore, some of these risks may be outside of our control and leave us with no ability to control or reduce the chances that those risks will adversely impact a target business. An investment in our units may not ultimately prove to be more favorable to investors than a direct investment, if such opportunity were available, in a business combination target. Accordingly, any holders who choose to retain their securities following our initial business combination could suffer a reduction in the value of their securities. Such holders are unlikely to have a remedy for such reduction in value unless they are able to successfully claim that the reduction was due to the breach by our officers or directors of a duty of care or other fiduciary duty owed to them, or if they are able to successfully bring a private claim under securities laws that the proxy solicitation or tender offer materials, as applicable, relating to the business combination contained an actionable material misstatement or material omission. Because we intend to seek a business combination with a target business in the maritime, logistics, or digital infrastructure sectors, we expect our future operations to be subject to risks associated with these industries. Because we intend to seek a business combination with a target business in the maritime, logistics, or digital infrastructure sectors, we expect our future operations to be subject to risks associated with these industries. Marine businesses that operate in offshore, coastal or tidal waters in challenging areas may be particularly vulnerable to acts of piracy and kidnappings that could such companies’ assets and personnel at risk. The continued threat of terrorist activity, 67

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other acts of war or hostility and civil unrest could significantly increase the risk of political, economic and social instability in the geographic areas in which a potential target business operates. It is possible that further acts of terrorism or civil unrest may be directed against the United States domestically or abroad, and such acts of terrorism or civil unrest could be directed against properties and personnel of a potential target business in this industry. Additionally, if we are successful in completing a