GPAT · GP-Act III Acquisition Corp.

GP-Act III Acquisition Corp., a Cayman Islands exempted SPAC, successfully extended its deadline to complete an initial business combination by six months to November 13, 2026, through shareholder-approved amendments to its memorandum and articles and the investment management trust agreement. The Extraordinary General Meeting on May 12, 2026, saw strong quorum with 85.88% of shares present, and both proposals passed decisively with identical vote tallies of 23.8 million for and 7.1 million against. This extension provides critical additional time for the Company to identify and consummate a merger, share exchange, or similar transaction, averting imminent liquidation. Supporting the approval, Non-Redemption Agreements with third-party investors locked in 8 million non-redeeming shares committed to voting in favor, in exchange for 403,720 sponsor shares post-closing. Despite the vote success, significant redemptions of 19.8 million Class A shares reduced the trust from an implied pre-redemption balance to $97.8 million at ~$10.89 per share, signaling investor caution but leaving sufficient runway. The Trust Amendment with Continental Stock Transfer & Trust ensures alignment between charter changes and trust mechanics, maintaining procedural integrity for any future liquidation or redemption events.