GP-Act III Acquisition Corp. Class A Ordinary Share (GPAT)

FairStock Score: 11/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

To me, GP-Act III is not an operating business at all; it is a shell company that exists to merge with or acquire another business. It has no revenue, no products, and no competitive moat, so I cannot judge it like a normal company. The filed figures show some positive net income: in fiscal 2025, the year ended 2025-12-31, net income was $11.9M; in fiscal 2024, the year ended 2024-12-31, net income was $8.7M; and in fiscal Q1 2026, the quarter ended 2026-03-31, net income was $2.2M. But in fiscal Q2 2026, the quarter ended 2026-06-30, net income fell to $290,121, and the given trailing free cash flow is -$387,103. FairStock's Piotroski F-score is 0/9 and the given ROCE is -0.70%, which tells me the economics are not self-sustaining. Valuation looks demanding: at the close on 2026-10-13, the price was $11.03, market cap was $390.6M, and FairStock's calculated P/E is 44.12. The FairStock Graham Number is $3.58, implying a margin of safety of -208.10%, and the FairStock Score is 11/100. The Altman Z-score of 14.02 suggests low stated bankruptcy risk, but that is likely a function of the shell structure, not a durable business. The Lynch category is TURNAROUND because it returned to profit after a loss within three years; still, a true turnaround needs an operating business, not just a merger vehicle. I would want clear deal terms, a proven target, and real cash flows before calling this anything other than speculation.

In plain English: GP-Act III Acquisition Corp. is a shell company with no significant operations; it exists to merge with or buy another business. It has reported some positive net income in recent years, but it has no revenue, negative trailing free cash flow, and weak financial indicators. At $11.03 on 2026-10-13, the price looks rich compared with the value suggested by its reported numbers, so this is mainly a merger story, not a proven business.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer