General Purpose Acquisition Corp. filed its Form 10-Q for the quarter ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 9, 2026, reporting financial results for the three and nine months ended September 30, 2026.

Key Highlights

  • Trust Account balance: Cash and marketable securities held in the Trust Account totaled $236,750,407 as of September 30, 2026, up from $230,640,427 at December 31, 2025.
  • Net income for Q3 2026: The company reported net income of $2,058,169 for the three months ended September 30, 2026, driven by $2,222,460 of income earned on Trust Account assets.
  • Nine-month net income: Net income for the nine months ended September 30, 2026 was $5,428,594, against general and administrative expenses of $681,386.
  • Shares outstanding: As of November 9, 2026, there were 23,660,000 Class A ordinary shares and 5,750,000 Class B ordinary shares issued and outstanding.
  • Redemption value: The 23,000,000 Class A ordinary shares subject to possible redemption carried a redemption value of approximately $10.29 per share at September 30, 2026.
  • Shareholders' deficit: Total shareholders' deficit was $(8,693,191) at September 30, 2026, compared to $(8,011,805) at December 31, 2025.
  • Shell company status: The registrant indicated it is a shell company as defined in Rule 12b-2 of the Exchange Act.

General Purpose Acquisition Corp. Reports Q3 2026 SPAC Financials

General Purpose Acquisition Corp. (NASDAQ:GPAC), a Cayman Islands-incorporated special purpose acquisition company headquartered in Millbrook, New York, disclosed its unaudited condensed financial statements for the quarter ended September 30, 2026. According to the filing, the company's total assets stood at $237,772,793 at the period end, with the overwhelming majority held in the Trust Account. Total current assets outside the Trust were $1,001,506, including cash of $878,221.

The filing reported that income earned on cash and marketable securities held in the Trust Account amounted to $2,222,460 for the three months ended September 30, 2026, and $6,109,980 for the nine months ended September 30, 2026. General and administrative expenses for the nine-month period were $681,386. The company reported no income from operations during either period, with its net income derived entirely from Trust Account earnings. Basic and diluted net income per share for all classes of non-redeemable shares and redeemable Class A shares was $0.07 for Q3 2026 and $0.18 for the nine months ended September 30, 2026, according to the filing.

The filing noted deferred underwriting commissions of $9,200,000 as a non-current liability, unchanged from December 31, 2025. The due-to-related-party balance rose to $247,581 from $22,581 over the same period. The accumulated deficit widened to $(8,693,832) at September 30, 2026 from $(8,012,446) at December 31, 2025, reflecting remeasurement adjustments to the redemption value of Class A ordinary shares totaling $(1,962,225), $(1,925,295), and $(2,222,460) in the first, second, and third quarters of 2026, respectively, as reported in the statement of changes in shareholders' deficit.

What Was Disclosed

General Purpose Acquisition Corp. filed its Q3 2026 Form 10-Q disclosing unaudited balance sheet, income, and cash flow data for the period ended September 30, 2026, including Trust Account balances, per-share earnings, redemption values, and shareholders' deficit figures.