03:42 AM EST, 12/03/2025 (MT Newswires) -- General Purpose Acquisition (GPAC) said late Tuesday that it has priced its initial public offering at $10 per unit, offering 20 million units.

Each unit consists of one Class A share and half of a redeemable warrant. Each whole warrant may be exercised to purchase one share at $11.50, the company said, adding that only whole warrants will be exercisable.

Trading on Nasdaq begins Wednesday under the symbol "GPACU," the company said.

The company added that once the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "GPAC" and "GPACW," respectively.

General Purpose Acquisition said the offering is expected to close on Thursday.

The underwriters also have a 45-day option to purchase up to 3 million additional units at the IPO price to cover over-allotments, the company added.