Company: GPAC
Filing Date: 2025-09-10
Form Type: DRS
Source: 0001140361-25-034565
Chunk: 203

Company: General Purpose Acquisition Corp.
Filing Date: 2025-09-10
Form: DRS
Chunk 203
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 shares and private placement units or membership interests in our sponsor in a transaction in which the sponsor removes itself as our sponsor before identifying a business combination. As a result, there is a risk that our sponsor and our officers and directors may divest their ownership or economic interests in us or in our sponsor, which would likely result in our loss of certain key personnel, including Peter Georgiopoulos or Leonard Vrondissis. There can be no assurance that any replacement sponsor or key personnel will successfully identify a business combination target for us, or, even if one is so identified, successfully complete such business combination. Other Considerations and Conflicts of Interest We are not prohibited from pursuing an initial business combination or subsequent transaction with a company that is affiliated with our sponsor, founders, officers or directors. In the event we seek to complete our initial business combination with a company that is affiliated with our sponsor or any of our founders, officers or directors, we, or a committee of independent directors, will obtain an opinion from an independent investment banking firm or an independent valuation or accounting firm that such initial business combination is fair to our company from a financial point of view. We are not required to obtain such an opinion in any other context.

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TABLE OF CONTENTS

The table below summarizes (i) the number of founder shares and private placement units issued or to be issued to the sponsor simultaneously with the consummation of this offering and the price paid or to be paid by the sponsor for such securities, and (ii) the main items of compensation received or eligible to be received by the sponsor, our sponsor’s affiliates and our directors and officers:

| Entity/Individual                                          |     | Amount of Compensation received or to be                                                                                                                                                                                                                                                           
 Received or Securities Issued or to be                                                                                                                                                                                                                                                             
 Issued                                                                                                                                                                                                                                                                                             |     | Consideration                                                                                                                              |
| Sponsor                                                    |     | 5,750,000 founder shares(1)(of which 750,000 are subject to forfeiture to the underwriters do not exercise their overallotment option)                                                                                                                                                             |     | $25,000 or approximately $0.004 per founder share                                                                                          |
|                                                            |     | 400,000 private placement units (or 430,000 private placement units if the underwriters’ over-allotment option is exercised in full)                                                                                                                                                               |     |                                                                                                                                            |
| $25,000 per month                                          |     | Office space, secretarial and administrative services                                                                                                                                                                                                                                              |     |                                                                                                                                            |
|                                                            |     |