Plutux
$10.95
+0.18%
2026-08-31 13:56:32 EDT+$0.02
Financial Services
Shell Companies
NASDAQ
Active Trading

GP-Act III Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one ...

Price Action

$10.95
+0.18%+$0.02
High
Low
52W High-8.8%
Rel. vol
Interval
Range80m
VolumeSMA5SMA10
GP-Act III Acquisition Corp. is a special purpose acquisition company (SPAC) that was incorporated in 2020 and is headquartered in New York, New York. The company was formerly known as GP Investments Acquisition Corp. II and changed its name to GP-Act III Acquisition Corp. in November 2020. As a SPAC, ...GP-Act III Acquisition Corp. is a special purpose acquisition company (SPAC) that was incorporated in 2020 and is headquartered in New York, New York. The company was formerly known as GP Investments Acquisition Corp. II and changed its name to GP-Act III Acquisition Corp. in November 2020. As a SPAC, its primary business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company aims to bring a high-quality, billion-dollar-plus company to public capital markets through a flexible and creative structure that enables such combinations. GP-Act III is a tripartite partnership among GP Investments, prior SPACs launched and successfully de-SPAC'd, and Act-III Acquisition Corp. GP Investments, founded in 1993, has completed over 50 private equity investments and executed over 30 equity capital market transactions. The management team is led by Fersen Lamas Lambranho (Co-Chairman of the Board), Irwin Simon (Co-Chairman of the Board), Antonio Bonchristiano (Chief Executive Officer and Director), and Rodrigo Boscolo (Chief Financial Officer). In 2024, the company announced the pricing of its initial public offering of 25,000,000 units at $10.00 per unit, raising $250 million, and later closed an additional $287.5 million offering. As of the latest data, the company has no full-time employees, as is typical for SPACs in their early stages. Financially, the company has minimal operations and holds cash in trust for its intended acquisition. Its market capitalization is approximately $401 million, and its book value per share is around $10.33. The company's strategic focus is on identifying and merging with a target business, with a valuation range between $1 billion and $5 billion, leveraging the expertise and network of its management team and sponsors. GP-Act III's leadership has a track record of successful SPAC transactions, including the completion of a business combination with Merisant Company in 2020. The company's long-term success depends on its ability to identify a suitable acquisition target and execute a business combination that creates value for its shareholders.
Founded
2020
Employees
2
CEO
Antônio Carlos Augusto R. Bonchristiano
Full Name
GP-Act III Acquisition Corp.
Sector
Financial Services
Industry
Shell Companies
ROE
3.50%
Market Cap
$0.39B
Current Ratio
0.05
ROIC
99.20%

Contact Information

212-430-4340
300 Park Avenue, New York City, NY 10022

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