Company: GPAC
Filing Date: 2025-12-03
Form Type: 424B4
Source: 0001140361-25-044114
Chunk: 77

Company: General Purpose Acquisition Corp.
Filing Date: 2025-12-03
Form: 424B4
Chunk 77
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 ordinary shares to materially decline. While we are offering our units at an offering price of $10.00 per unit and the amount in our trust account is initially anticipated to be $10.00 per public share included in such public units, resulting in an implied initial value of $10.00 per public share, the founder shares held by our sponsor were issued at a nominal aggregate purchase price of $25,000, or approximately $0.004 per share (which does not include and is not adjusted for the private placement shares included in the private placement units to be purchased by our sponsor simultaneously with the consummation of this offering). As a result, the value of your public shares may be significantly diluted in the event we consummate an initial business combination. For example, the following table shows the public shareholders’ and sponsor’s investment per share and how that compares to the implied value of one of our shares upon the consummation of our initial business combination if at that time we were valued at $192,000,000, which is the amount we would have for our initial business combination in the trust account after payment of $8,000,000 of deferred underwriting commissions, assuming the underwriters’ over-allotment option is not exercised, the corresponding forfeiture of an aggregate of 750,000 founder shares held by our sponsor, no interest is earned on the funds held in the trust account, and no public shares are redeemed in connection with our initial business combination. At such valuation, each of our ordinary shares would have an implied value of approximately $7.81 per share, which is an approximately 21.9% decrease as compared to the initial implied value per public share of $10.00.

| Public shares included in public units(1)                          |     |    20,000,000 |
| Founder shares                                                     |     |     5,000,000 |
| Private placement shares included in private placement units       |     |       600,000 |
| Total shares                                                       |     |    25,600,000 |
| Total funds in trust available for initial business combination(2) |     | $ 200,000,000 |
| Implied value per share                                            |     |          7.50 |
| Public shareholders’ investment per share                          |     |        $10.00 |
| Sponsor’s average investment per share(3)                          |     |         $0.75 |

| (1) | While the public shareholders’ investment is in both the public shares