Company: GPAC
Filing Date: 2025-12-03
Form Type: 424B4
Source: 0001140361-25-044114
Chunk: 344

Company: General Purpose Acquisition Corp.
Filing Date: 2025-12-03
Form: 424B4
Chunk 344
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,000 private placement units (or up to 230,000 private placement units if the underwriters’ over-allotment option is exercised in full) for an aggregate purchase price of $2,000,000 (or up to $2,300,000 if the underwriters’ over-allotment option is exercised in full), or $10.00 per unit, in the private placement that will occur simultaneously with the completion of this offering. The terms of the private placement units are identical to those of the public units, except that the private placement units are subject to certain limited exceptions as described in this prospectus. Jonathan Intrater, who may be deemed a related person of Ladenburg Thalmann & Co. Inc., a participating member in this offering, is expected to receive membership interests in General Purpose Acquisition Corp Services LLC, our sponsor, representing 30,000 founder shares, for his services as our director. The private placement units (including private placement shares and private placement warrants underlying such private placement units and the Class A ordinary shares underlying such private placement warrants) as well as the 30,000 founder shares held by our sponsor and in which Janathan Intrater has an interest have been deemed compensation by FINRA and are therefore subject to the lock-up restrictions imposed by FINRA Rule 5110(e) pursuant to which these securities will not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the commencement of sales of this offering except as permitted under FINRA Rule 5110(e)(2) including to any member participating in the offering and the officers or partners, registered persons or affiliates thereof. In addition, for as long as the private placement warrants are held by the underwriters or their designees or affiliates, they may not be exercised after five years from the effective date of the registration statement of which this prospectus forms a part. We have granted the underwriters and their designees certain registration rights relating to these securities. Our sponsor may assign certain of its registration rights to permitted transferees of the securities it holds. The underwriters, Mr. Intrater (as a potential permitted transferee of securities held by our sponsor and assignee of registration rights) and their designees may not exercise any demand and “piggy-back” registration rights after five years after the effective date of the registration statement