General Purpose Acquisition Corp. (GPACU) Prices $200M IPO
General Purpose Acquisition Corp. (NASDAQ:GPACU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GPACU”, Wednesday, December 3, 2025.
The new SPAC plans to search for a target in the maritime, logistics and digital infrastructure sectors.
General Purpose is to be led by Chairman and Chief Executive Officer Peter C. Georgiopoulos, President Leonard Vrondissis and Chief Financial Officer Stewart Crawford. Alexandros Argyros, Chele Farley, Warren Hosseinion, and Jonathan Intrater will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 125. This offering is expected to close on Thursday, December 4, 2025.
Jefferies is acting as the sole book-running manager and Ladenburg Thalmann and Northland Capital Markets are acting as co-managers for the offering. Herbert Smith Freehills Kramer is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer and Trust Company is acting as trustee.
