General Purpose Acquisition, a blank check company targeting maritime businesses and digital infrastructure, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at a price of $10.00. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
The SPAC is led by CEO and Chairman Peter Georgiopoulos, who has founded and led several maritime businesses, and is currently the Chairman of United Overseas Group, which he co-founded. He is joined by CFO Stewart Crawford, the CFO of United Overseas Group. The SPAC plans to target companies operating in marine technology, marine services, US-focused marine businesses, marine logistics and distribution, vessel technical management, and data centers.
The Millbrook, NY-based company was founded in 2025 and plans to list on the Nasdaq under the symbol GPACU. Jefferies is the sole bookrunner on the deal.
