GP-Act III Acquisition Corp. filed a Form 8-K on November 13, 2026, reporting shareholder votes taken at its November 12, 2026 Extraordinary General Meeting that extended the company's business combination deadline and resulted in the redemption of 6,266,194 Class A ordinary shares.

Key Highlights

  • Deadline extended: The business combination deadline was moved from November 13, 2026 to May 8, 2027, through amendments to both the company's articles of association and the Investment Management Trust Agreement.
  • Redemptions totaled: 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 the redemptions.
  • Shareholder vote: At the Extraordinary General Meeting, 14,854,192 shares voted in favor of the Extension Amendment Proposal, with 286,920 against and 10 abstentions.
  • Non-Redemption Agreements: The company and Sponsor HoldCo entered into agreements covering an aggregate of 2,525,000 Class A ordinary shares, with Sponsor HoldCo agreeing to transfer 505,000 existing Class A ordinary shares to participating investors upon closing of the initial business combination.
  • Pending combination target: According to the filing, the company entered into a Business Combination Agreement with Dronamics Group Limited on November 3, 2026.

GP-Act III Votes to Extend Deadline Amid Dronamics Combination Agreement

GP-Act III Acquisition Corp. (NASDAQ:GPAT), a Cayman Islands exempted company focused on completing an initial business combination, convened its Extraordinary General Meeting on November 12, 2026. The meeting, which began at 9:00 a.m. Eastern Time and was adjourned then reconvened at 1:00 p.m. Eastern Time the same day, drew representation from holders of 15,141,122 ordinary shares, or approximately 93.69% of the 16,161,228 shares issued, outstanding, and entitled to vote as of the October 14, 2026 record date, the filing reported.

Shareholders approved both the Extension Amendment, amending the company's Amended and Restated Memorandum and Articles of Association, and Amendment No. 2 to the Investment Management Trust Agreement with Continental Stock Transfer and Trust Company. The Trust Agreement, originally dated May 8, 2024 and previously amended on May 12, 2026, was updated to extend the date by which the trustee must liquidate the Trust Account from November 13, 2026 to May 8, 2027, according to the filing.

In connection with these votes, 6,266,194 Class A ordinary shares were redeemed at approximately $11.10 per share, leaving approximately $30,042,232.15 in the Trust Account, the filing disclosed. The Non-Redemption Agreements, covering 2,525,000 Class A ordinary shares, were structured so that all consideration owed to participating investors under those agreements is to be borne solely by Sponsor HoldCo, with no Trust Account funds used, the company stated. The filing also noted that the Business Combination Agreement with Dronamics Group Limited, signed November 3, 2026, expressly permits the company and Sponsor HoldCo to enter into such non-redemption arrangements provided consideration is not drawn from the Trust Account.

What Was Disclosed

GP-Act III Acquisition Corp. reported the results of its November 12, 2026 shareholder vote, the execution of a Trust Agreement amendment, Non-Redemption Agreements covering 2,525,000 shares, and redemption of 6,266,194 Class A ordinary shares at approximately $11.10 each, leaving roughly $30,042,232.15 in trust.