SCHEDULE: Bank of Montreal Discloses 5.14% Stake in GP-Act III

Bank of Montreal and its affiliates have disclosed a combined beneficial ownership of 5.14% in GP-Act III Acquisition Corp.'s common stock.

Summary

• Bank of Montreal and its affiliated entities (BANK OF MONTREAL HOLDING INC., BMO NESBITT BURNS INC., and BANK OF MONTREAL EUROPE PUBLIC LIMITED COMPANY) reported beneficial ownership of 1,478,904 shares of GP-Act III Acquisition Corp. common stock.
• This aggregate ownership represents 5.14% of the total class of GP-Act III Acquisition Corp. common securities.
• The filing was made under Rule 13d-1(b), indicating that the reporting persons are institutional investors and the shares were acquired in the ordinary course of business.
• Bank of Montreal holds sole voting and dispositive power over 154,608 shares and shared voting and dispositive power over 1,324,296 shares.
• BANK OF MONTREAL HOLDING INC. and BMO NESBITT BURNS INC. each hold shared voting and dispositive power over 1,324,296 shares, representing 4.6% of the class individually.
• BANK OF MONTREAL EUROPE PUBLIC LIMITED COMPANY holds sole voting and dispositive power over 154,608 shares, representing 0.53% of the class.
• The reporting persons explicitly state that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of ownership by institutional investors in the ordinary course of business, with no stated intent to influence control.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
• Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securities of the issuer.

Stakeholder Impact

• Shareholders: Provides transparency regarding the company's ownership structure, confirming a significant institutional investment.
• Investors: Informs about a major holder and clarifies the passive nature of their investment, reducing concerns about potential control contests.

Key Dates

Keywords

GP-Act III Acquisition Corp., Bank of Montreal, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, G4035N103