GP-Act III Acquisition Files for $250M IPO

GP-Act III Acquisition registered today with the SEC to offer 25 million units at $10 each.

The SPAC in the filing said it will target “businesses that can benefit from our management team’s established global relationships, sector expertise and active management and operating experience.”

GP-Act III is led by Co-Chairman Fersen Lamas Lambranho, who was CEO of Lojas Americanas, a digital platform for consumer brands, and Co-Chairman Irwin Simon, who founded The Hain Celestial Group, which became a leading organic and natural products company.

The SPAC said it will apply to list on the Nasdaq under GPATU. Read more.

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