General Purpose Acquisition Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $297.0M
- Price
- $10.10
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 2.0K
About
General Purpose Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Peter Georgiopoulos and Leonard Vrondissis on July 25, 2025 and is headquartered in Millbrook, NY.
Quick stats
Shares outstanding29.4M
Computed float23.2M
Float / shares79.0%
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002085408
AI Summary
AI-generated1/16
minorbullishoperations update
Maiden Drilling Confirms Large Magmatic-Hydrothermal System and Gold-Bearing Structures at Kasie Ridge
Maiden drilling at the Kasie Ridge target on Great Pacific Gold's Wild Dog Project in East New Britain, Papua New Guinea intersected a vertically zoned advanced argillic alteration system across two holes spaced about 315 m apart, with the strongest sulphide-rich alteration at the bottom of the deepest hole and the system open at depth.
Gold appears in both holes: eight individual KAS-02 samples graded 0.20-1.55 g/t Au across two structurally controlled zones (including 1.55 g/t Au at 151.7 m), while KAS-01A carried a broad silver halo with values up to 22.4 g/t Ag; copper was uniformly low at a maximum of 0.09%.
Downhole pathfinder chemistry strengthens with depth — rhenium peaking at 2.84 ppm below 500 m alongside rising molybdenum, selenium and tellurium, with visible chalcopyrite below roughly 480 m — which the company interprets as vectoring toward an untested magmatic source beneath or beside the drilled lithocap.
Both rigs remain active at Magiabe and Mengmut, where 1,639.4 m had been drilled across nine holes as of 15 September 2026 with all assays pending; follow-up drill targeting at Kasie Ridge awaits the surface mapping program and remaining KAS-02 multi-element and XRD results.
Red flags
- Reported gold values are individual point samples, not composited intercepts, and are explicitly not representative of broader intervals; true widths are not known
- No resource estimate or economic metrics — exploration-stage with KAS-02 multi-element and 39 XRD results still pending
- Historical exploration results referenced in the release were generated by previous explorers and have not been independently verified by the company
- Release contains inconsistent project/spelling and ticker references (Kasie/Kasie, Magiabe/Magiabe variants), suggesting loose editorial QA