GP-Act III Acquisition Corp. filed a current report on Form 8-K on November 13, 2026, disclosing shareholder approval of an extension amendment and trust amendment at its November 12, 2026 Extraordinary General Meeting, along with related non-redemption agreements and a trust account amendment.

Key Highlights

  • Extension approved: Shareholders voted to extend the business combination deadline from November 13, 2026 to May 8, 2027.
  • Quorum reached: Holders of 15,141,122 ordinary shares, representing approximately 93.69% of 16,161,228 shares outstanding and entitled to vote, were represented at the meeting.
  • Votes cast: All three proposals (Extension Amendment, Trust Amendment, and Adjournment) each received 14,854,192 votes for, 286,920 against, and 10 abstentions.
  • Redemptions processed: Holders of 6,266,194 Class A ordinary shares exercised redemption rights at approximately $11.10 per share, for an aggregate redemption amount of approximately $69,528,380.68.
  • Trust Account balance: Approximately $30,042,232.15 remained in the Trust Account following payment of redemptions, according to the filing.
  • Non-Redemption Agreements: Sponsor HoldCo agreed to transfer an aggregate of 505,000 existing Class A ordinary shares to investors who agreed not to redeem an aggregate of 2,525,000 Class A ordinary shares.
  • Pending business combination: The company disclosed a Business Combination Agreement with Dronamics Group Limited, entered into on November 3, 2026.

GP-Act III Shareholder Vote Extends SPAC Window and Amends Trust Agreement

GP-Act III Acquisition Corp. (NASDAQ:GPAT), a Cayman Islands exempted company based at 300 Park Avenue, New York, New York 10022, convened its Extraordinary General Meeting on November 12, 2026, initially at 9:00 a.m. Eastern Time before adjourning and reconvening at 1:00 p.m. Eastern Time the same day. According to the filing, holders representing approximately 93.69% of eligible shares were present in person or by proxy, satisfying quorum requirements.

The filing reports that all three proposals before shareholders passed with identical vote tallies: 14,854,192 for, 286,920 against, and 10 abstentions. These approved the Extension Amendment, which revises the company's Amended and Restated Memorandum and Articles of Association to push the deadline for completing a business combination from November 13, 2026 to May 8, 2027. Concurrently, the company and Continental Stock Transfer and Trust Company executed Amendment No. 2 to the Investment Management Trust Agreement, originally dated May 8, 2024, to reflect the same extended liquidation deadline for the Trust Account.

In connection with the extension vote, the company disclosed that holders of 6,266,194 Class A ordinary shares elected to redeem at approximately $11.10 per share, resulting in an aggregate redemption of approximately $69,528,380.68, with approximately $30,042,232.15 remaining in the Trust Account. Separately, the filing describes Non-Redemption Agreements under which Sponsor HoldCo committed to transfer 505,000 existing Class A ordinary shares to investors who agreed to refrain from redeeming 2,525,000 Class A ordinary shares. The filing states that "no funds in the Company's trust account will be used to pay any consideration under the Non-Redemption Agreements." The company also noted its Business Combination Agreement with Dronamics Group Limited, entered November 3, 2026, as the underlying transaction motivating the extension.

What Was Disclosed

GP-Act III Acquisition Corp. reported shareholder approval of an extension of its business combination deadline to May 8, 2027, an amendment to its trust agreement, non-redemption agreements involving 2,525,000 Class A shares, and approximately $69,528,380.68 in redemptions leaving roughly $30,042,232.15 in trust.