GP-Act III Acquisition Corp. filed its quarterly report on Form 10-Q with the SEC on August 14, 2026, covering the quarter ended June 30, 2026, disclosing financial results, share structure changes, and trust account balances for the special purpose acquisition company.

Key Highlights

  • Net income: The company reported net income of $290,121 for the three months ended June 30, 2026, compared to $2,984,738 in the same period of 2025.
  • Trust Account: Marketable securities held in the Trust Account totaled $98,235,059 as of June 30, 2026, down from $309,180,211 at December 31, 2025.
  • Shares outstanding: As of August 14, 2026, there were 16,161,228 Class A ordinary shares and 0 Class B ordinary shares issued and outstanding.
  • Class B conversion: All 7,187,500 Class B ordinary shares were converted into Class A non-redeemable shares during the second quarter of 2026.
  • General and administrative expenses: G&A expenses for the six months ended June 30, 2026 were $2,033,181, compared to $341,386 for the same period in 2025.
  • Shareholders' deficit: Total shareholders' deficit stood at $(16,299,375) as of June 30, 2026, versus $(14,484,001) at December 31, 2025.

GP-Act III Reports Reduced Trust Balances and Share Structure Shift in Second Quarter 2026

GP-Act III Acquisition Corp., a Cayman Islands-incorporated blank check company listed on NASDAQ:GPAT, filed its quarterly report for the period ended June 30, 2026. According to the filing, the company is a special purpose acquisition company, or SPAC, that holds funds in a trust account while seeking a business combination target. The trust account, which held $309,180,211 at December 31, 2025, declined to $98,235,059 by June 30, 2026, reflecting redemptions by shareholders during the period.

The filing disclosed that 8,973,728 Class A ordinary shares remained subject to possible redemption at a redemption value of $10.95 per share as of June 30, 2026, compared to 28,750,000 shares at $10.75 per share at December 31, 2025. During the second quarter, all 7,187,500 Class B ordinary shares were converted into Class A non-redeemable shares. The company also reported a capital contribution from non-redemption agreements of $217,807 during the quarter. Interest earned on marketable securities held in the Trust Account was $1,758,023 for the three months ended June 30, 2026, versus $3,126,072 in the comparable prior-year period.

General and administrative expenses rose sharply, reaching $1,467,902 for the three months ended June 30, 2026, compared to $141,334 in the three months ended June 30, 2025. The company's accumulated deficit grew to $16,300,094 as of June 30, 2026, from $14,484,720 at December 31, 2025. The filing identified the company as a shell company, a smaller reporting company, and an emerging growth company. Cash on hand fell to $10,586 at June 30, 2026, from $112,660 at December 31, 2025, and a promissory note payable to related parties increased to $595,000 from $400,000 over the same period.

What Was Disclosed

The filing covered GP-Act III Acquisition Corp.'s unaudited financial statements for the quarter ended June 30, 2026, including balance sheet data, income results, share conversion activity, and trust account changes as of that date.