GP-Act III Q1 FY26 net income falls to $2.15 million

• Gp-Act III Acquisition posted net income of USD 2.15 million for the quarter ended March 31, 2026, down 25.94% from USD 2.91 million a year earlier.
• Interest earned on marketable securities held in the Trust Account fell to USD 2.72 million from USD 3.11 million, while formation and operational costs climbed to USD 565,279 from USD 200,052.
• Marketable securities held in the Trust Account totaled USD 311.9 million as of March 31, 2026, including about USD 24.4 million of interest income.
• Cash outside the Trust Account was USD 119,428, with USD 400,000 outstanding under promissory notes as it continues to pursue an initial business combination.
• Management said it has until Nov. 13, 2026 to consummate a deal, adding that the mandatory liquidation deadline raises substantial doubt about its ability to continue as a going concern.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gp-Act III Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-056642), on May 14, 2026, and is solely responsible for the information contained therein.