Company: GPAC
Filing Date: 2025-10-14
Form Type: S-1
Source: 0001140361-25-038051
Chunk: 254

Company: General Purpose Acquisition Corp.
Filing Date: 2025-10-14
Form: S-1
Chunk 254
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 the option of the holder on a one-for-one basis (such Class A ordinary share delivered upon conversion will not have any redemption rights or be entitled to liquidating distributions from the trust account if we fail to consummate an initial business combination), subject to adjustment pursuant to certain anti-dilution rights, as described in the section entitled “Description of Securities.” |

| (3) | The shares reported above are held in the name of our sponsor, which is registered in the Cayman Islands as a limited liability company for the purpose of holding securities in us and providing certain services to us pursuant to the administrative services and indemnification agreement, as further described herein. The manager of our sponsor is Peter Georgiopoulos. |

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| (4) | Due to their economic interest in our sponsor of approximately 70% and 30% respectively, each of Peter Georgiopoulos and Leonard Vrondissis may be considered to have a material interest in our sponsor. |

| (5) | Includes 400,000 private placement shares included in the private placement units to be purchased by the sponsor simultaneously with this offering, as further described in this prospectus. |

| (6) | Does not include any shares indirectly owned by this individual as a result of his direct or indirect ownership interest in our sponsor. |

| (7) | Does not include any shares indirectly owned by this individual as a result of his or her ownership interest in our sponsor. Stewart Crawford, our Chief Financial Officer, and Alexandros Argyros, Chele Farley, Warren Hosseinion and Jonathan Intrater, our independent directors, received membership interests in our sponsor for their service as Chief Financial Officer and as a director, respectively. |

Immediately after this offering, our sponsor will beneficially own 20% of the then issued and outstanding ordinary shares (excluding the private placement shares included in the private placement units) and will have the right to appoint and remove all of our directors prior to the completion of our initial business combination. If we increase or decrease the size of this offering, we will effect a share capitalization or a share surrender or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of the offering in such amount as to maintain the ownership of our sponsor (and its permitted transferees, if any) at 20% of the issued and outstanding ordinary shares (excluding the private placement shares included in the private placement units) upon the consummation of this offering