GP-Act III Acquisition Corp. (GPAT) has filed a Current Report on Form 8-K announcing that its shareholders have approved an extension to the deadline for completing a business combination. The meeting was held on November 12, 2026, at 9:00 a.m. Eastern Time, and reconvened at 1:00 p.m. Eastern Time on the same day.
At the Extraordinary General Meeting, shareholders representing approximately 93.69% of the ordinary shares issued and outstanding voted on the Extension Amendment Proposal. The proposal was approved to extend the date by which the Company must consummate a merger or asset acquisition from November 13, 2026, to May 8, 2027. The vote tally showed 14,854,192 votes in favor, 286,920 against, and 10 abstentions.
Shareholders also approved the Trust Amendment Proposal, which amends the Investment Management Trust Agreement to extend the liquidation date of the trust account established during the Company’s initial public offering. The amendment extends the window for the Company to complete a business combination to May 8, 2027.
In connection with the vote, 6,266,194 Class A ordinary shares were redeemed at a price of approximately $11.10 per share. This resulted in an aggregate redemption amount of approximately $69,528,380.68, leaving approximately $30,042,232.15 remaining in the Trust Account.
GP-Act III entered into a Business Combination Agreement with Dronamics Group Limited on November 3, 2026. The Company stated that the proposed business combination will be submitted to shareholders for consideration at a separate extraordinary meeting. A registration statement on Form S-4 has not yet been filed with the SEC.
The Company also disclosed that it entered into Non-Redemption Agreements with third-party shareholders. Under these agreements, the Sponsor HoldCo agreed to transfer 505,000 Class A ordinary shares to the investors in exchange for their agreement not to redeem shares and to vote in favor of the Extension Amendment and Trust Amendment.
