GP-Act III Acquisition Corp. Reports Significant Decline in Net Income and Assets for Quarter Ending June 30, 2026

GP-Act III Acquisition Corp. has reported its financial results for the quarter ending June 30, 2026, revealing a net income of $290,121, a significant decrease from the $2,984,738 reported in the same quarter of the previous year. The company attributed this decline primarily to a rise in general and administrative expenses, which surged to $1,467,902 from $141,334 year-over-year. For the first half of 2026, net income was $2,443,499, down from $5,892,067 in the first half of 2025, reflecting similar trends in revenue and expenses.

The company’s total assets as of June 30, 2026, amounted to $98,354,624, a sharp decline from $309,368,322 at the end of 2025. This decrease was largely driven by a reduction in marketable securities held in the Trust Account, which fell to $98,235,059 from $309,180,211. The company also reported a working capital deficit of $2,261,875, with cash reserves dwindling to $10,586 from $112,660 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 is actively seeking a target for acquisition and has until November 13, 2026, to finalize a deal. During the quarter, the company convened an extraordinary general meeting where shareholders approved an extension of the deadline for completing a business combination. This extension was necessary as the company faced significant redemptions, with approximately $215.4 million redeemed by shareholders, leaving about $97.8 million in the Trust Account.

The company’s management has expressed concerns regarding its liquidity and ability to continue as a going concern, given the current financial position and the need for additional capital to support operations. As of June 30, 2026, GP-Act III Acquisition Corp. had outstanding promissory notes totaling $595,000, which are due upon the completion of a business combination or by the second anniversary of the Initial Public Offering. The company is exploring options for raising additional funds to meet its operational needs and pursue its acquisition strategy.

Looking ahead, GP-Act III Acquisition Corp. remains focused on identifying a suitable business combination to leverage the funds held in the Trust Account. However, management has acknowledged the uncertainty surrounding the timing and success of this endeavor, particularly in light of current market conditions and geopolitical factors that may impact the business landscape. The company continues to monitor its financial health closely as it navigates these challenges.