General Purpose Acquisition Corp. (GPAC) is a blank check company incorporated on July 25, 2025, with the sole purpose of effecting a business combination. The company completed its initial public offering (IPO) on December 4, 2025, selling 23,000,000 units at $10.00 per unit, generating $230,000,000. Simultaneously, 660,000 private placement units were sold to the sponsor and underwriters at $10.00 per unit, raising $6,600,000. A total of $230,000,000 from the IPO and private placement was placed in a trust account, to be invested in U.S. government treasury obligations or money market funds. The company has until December 4, 2027 (24 months from IPO closing) to consummate an initial business combination. GPAC intends to focus its search on businesses in the maritime technology, marine services, U.S.-focused marine businesses, marine distribution, marine logistics, vessel technical managers, and data centers sectors. The target business for a combination must have an aggregate fair market value of at least 80% of the net assets held in the trust account (excluding deferred underwriting discounts and taxes payable). As of December 31, 2025, GPAC reported net income of $302,316, primarily from interest earned on investments in the trust account, offset by $338,111 in formation, general, and administrative expenses. The sponsor, General Purpose Acquisition Corp Services LLC, holds 5,750,000 founder shares (Class B ordinary shares) and 430,000 private placement units, representing approximately 21.0% of voting control. The founder shares were acquired at a nominal price of approximately $0.004 per share, creating a significant incentive for the sponsor to complete a business combination. Public shareholders have redemption rights for their Class A ordinary shares upon completion of a business combination or if no combination is completed within the 24-month timeframe, at a per-share price equal to the pro-rata amount in the trust account (initially anticipated at $10.00 per share, plus interest, less permitted withdrawals and dissolution expenses). Warrants (public and private placement) entitle holders to purchase one Class A ordinary share at $11.50 per share, exercisable 30 days after a business combination and expiring five years thereafter, or earlier upon redemption or liquidation.