General Purpose Acquisition, a blank check company targeting maritime businesses and digital infrastructure, raised $200 million by offering 20 million units at $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.
General Purpose Acquisition plans to list on the Nasdaq under the symbol GPACU. Jefferies acted as sole bookrunner on the deal.
