GP-Act III Acquisition Corp. Reports Increased Net Income and Asset Growth for Q2 2025

GP-Act III Acquisition Corp. reported its financial results for the quarter ending June 30, 2025, revealing a net income of $2.98 million, a significant increase from $1.77 million in the same period last year. The company attributed this growth primarily to interest earned on marketable securities held in its Trust Account, which amounted to $3.13 million for the quarter, compared to $1.95 million in the prior year. For the first half of 2025, net income reached $5.89 million, up from $1.71 million in the first half of 2024, reflecting a similar trend in interest income.

The company’s total assets as of June 30, 2025, were reported at $303.42 million, an increase from $297.47 million at the end of 2024. This growth was driven by an increase in marketable securities in the Trust Account, which rose to $302.97 million from $296.74 million. However, the company also reported a working capital deficit of $235,969, with cash reserves decreasing to $246,314 from $483,572 at the end of the previous fiscal year.

In terms of operational developments, GP-Act III Acquisition Corp. has not yet completed any business combinations since its inception. The company remains focused on identifying potential target businesses for acquisition, utilizing the proceeds from its Initial Public Offering (IPO) and private placement warrants. The IPO, which took place on May 13, 2024, raised gross proceeds of $287.5 million, with the company placing these funds into a Trust Account for future business combinations. The company has until May 13, 2026, to complete its initial business combination, or it will face mandatory liquidation.

The company’s organizational structure includes 28.75 million Class A ordinary shares and 7.19 million Class B ordinary shares, with all Class A shares subject to possible redemption. The filing indicates that GP-Act III Acquisition Corp. is classified as a smaller reporting company and an emerging growth company, allowing it to take advantage of certain regulatory exemptions. The management has expressed confidence in its ability to complete a business combination within the designated timeframe, although it acknowledges the inherent risks and uncertainties associated with such endeavors.

Looking ahead, GP-Act III Acquisition Corp. plans to utilize its cash reserves and marketable securities to pursue potential acquisitions while managing operational costs. The company is also aware of the potential need for additional capital to support its business strategy, which may involve loans or investments from its sponsors or other parties. The management's outlook remains cautiously optimistic, emphasizing the importance of successfully executing a business combination to ensure the company's future viability.