General Purpose Acquisition Corp (GPAC) is a blank check special purpose acquisition company incorporated on July 25, 2025, as a Cayman Islands exempted company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. GPAC has generated no operating revenues as of December 31, 2025, and does not expect to generate operating revenues until it completes an initial business combination. The company intends to focus its search on businesses operating within the maritime, logistics, and digital infrastructure sectors, with particular interest in marine technology companies and marine services providers. As of the filing date of its 10-K (filed March 27, 2026, accession 000114036126011732), GPAC had not selected any specific business combination target. The company holds funds in a trust account, with permitted working capital withdrawals capped at $250,000 annually plus unused rollover amounts.

Revenue model

GPAC has no operating revenue. The company earns interest within its trust account, from which it may withdraw up to $250,000 annually (plus unused prior-year rollover amounts) for working capital and tax obligations. Revenue generation is contingent on completing an initial business combination.

Products and services

GPAC offers no products or services. It is a pre-combination blank check company. Its stated acquisition focus areas include marine technology (software platforms, data analytics, automation, AI for vessel operations, predictive maintenance, emissions tracking, autonomous navigation) and marine services (Testing, Inspection, and Certification, port and terminal operations, Maintenance, Repair and Overhaul, vessel cleaning, engineering and consulting, ship brokerage).

Customers and end markets

GPAC has no customers as of December 31, 2025. Its intended post-combination end markets are the maritime, logistics, and digital infrastructure sectors, with emphasis on U.S.-focused marine businesses and global marine technology companies.

Value-chain role

Pre-combination acquisition vehicle. GPAC's role is to identify, evaluate, and acquire a target business, after which it would assume the value-chain role of that acquired entity.

Geographic exposure

Incorporated in the Cayman Islands. Stated acquisition focus includes U.S.-focused marine businesses, with the ability to pursue targets in any industry or geographic region. Potential reincorporation to another jurisdiction upon completing a business combination is disclosed.

Source: SEC 10-K, filed 2026-03-27

Industry: Blank Checks