22 results
10-Q
2024 Q1
GPATU
GP-Act III Acquisition Corp.
21 Jun 24
Quarterly report
4:02pm
| | | | | | |
| For the three months ended | |||||
| | March 31, | | March 31, | ||
| | 2024 | 2023 | |||
General and administrative costs | | 59,738 | | 700 | ||
Net Loss | | $ | (59,738) | | $ | (700) |
Weighted average shares outstanding, basic and diluted(1) | | 6,250,000 | | 6,250,000 | ||
Basic and diluted net loss per share | | $ | (0.01) | | $ | (0.00) |
10-Q
2024 Q1
GPATU
GP-Act III Acquisition Corp.
21 Jun 24
Quarterly report
4:02pm
| | | | | | |
| For the three months ended | |||||
| | March 31, | | March 31, | ||
| | 2024 | 2023 | |||
Cash Flows from Operating Activities: | | | | | ||
Net loss | | $ | (59,738) | | $ | (700) |
Adjustments to reconcile net loss to net cash used in operating activities: | | | ||||
Changes in operating assets and liabilities: | | | ||||
Prepaids and other current assets | | (5,953) | | 500 | ||
Accrued expenses | | 17,680 | | — | ||
Net cash used in operating activities | | (48,011) | | (200) | ||
Cash Flows from Financing Activities: | | | ||||
Proceeds from promissory note – related parties | | 200,000 | | — | ||
Net cash provided by financing activities | | 200,000 | | — | ||
Net Change in Cash | | 151,989 | | (200) | ||
Cash – beginning of the period | | 1,208 | | 1,758 | ||
Cash – end of the period | | $ | 153,197 | | $ | 1,558 |
Non-cash investing and financing activities: | | | ||||
Offering costs included in accrued offering costs | | $ | 466,090 | | $ | — |
Deferred legal fees | | $ | 116,487 | | $ | — |
10-Q
2024 Q1
GPATU
GP-Act III Acquisition Corp.
21 Jun 24
Quarterly report
4:02pm
| | | | | | |
| March 31, | December 31, | ||||
| | 2024 | | 2023 | ||
| | (Unaudited) | | | ||
ASSETS | | | | | ||
Current assets | | | ||||
Cash | | $ | 153,197 | | $ | 1,208 |
Prepaid expenses | | 8,053 | | 2,100 | ||
Total Current Assets | | 161,250 | | 3,308 | ||
Deferred offering costs | | 1,109,507 | | 526,930 | ||
Total Assets | | $ | 1,270,757 | | $ | 530,238 |
LIABILITIES AND SHAREHOLDERS’ DEFICIT | | | ||||
Current liabilities | | | ||||
Accrued offering costs | | $ | 466,090 | | $ | — |
Accrued expenses | | 17,680 | | — | ||
Promissory note – related parties | | 828,182 | | 628,182 | ||
Total Current Liabilities | | 1,311,952 | | 628,182 | ||
Deferred legal fee | | 116,487 | | — | ||
Total Liabilities | | 1,428,439 | | 628,182 | ||
Commitments and Contingencies | | | ||||
Shareholders’ Deficit | | | ||||
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding | | — | | — | ||
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; none issued or outstanding | | — | | — | ||
Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 7,187,500 shares issued and outstanding(1) | | 719 | | 719 | ||
Additional paid-in capital | | 24,281 | | 24,281 | ||
Accumulated deficit | | (182,682) | | (122,944) | ||
Total Shareholders’ Deficit | | (157,682) | | (97,944) | ||
Total Liabilities and Shareholders’ Deficit | | $ | 1,270,757 | | $ | 530,238 |
10-Q
2024 Q1
GPATU
GP-Act III Acquisition Corp.
21 Jun 24
Quarterly report
4:02pm
| | | | | | | | | | | | | | |
| Class B | | | | | | | |||||||
| | Ordinary shares | | | | | | | | | | |||
| | | | | | Additional | | | | | | | ||
| | | | | | | Paid-In | | Accumulated | | Shareholders’ | |||
| | Shares | | Amount | | Capital | | Deficit | | Deficit | ||||
Balance as of January 1, 2023(1) | 7,187,500 | | $ | 719 | | $ | 24,281 | | $ | (108,903) | | $ | (83,903) | |
Net loss | — | | — | | — | | (700) | | (700) | |||||
Balance as of March 31, 2023 | 7,187,500 | | $ | 719 | | $ | 24,281 | | $ | (109,603) | | $ | (84,603) |
10-Q
2024 Q1
GPATU
GP-Act III Acquisition Corp.
21 Jun 24
Quarterly report
4:02pm
| | | | | | | | | | | | | | |
| Class B | | | | | | | | ||||||
| | Ordinary shares | | | | | | | | | | |||
| | | | | | Additional | | | | | | |||
| | | | | | | Paid-In | | Accumulated | | Shareholders’ | |||
| | Shares | | Amount | | Capital | | Deficit | | Deficit | ||||
Balance as of January 1, 2024(1) | 7,187,500 | | $ | 719 | | $ | 24,281 | | $ | (122,944) | | $ | (97,944) | |
Net loss | — | | — | | — | | (59,738) | | (59,738) | |||||
Balance as of March 31, 2024 | 7,187,500 | | $ | 719 | | $ | 24,281 | | $ | (182,682) | | $ | (157,682) |