Last Day Of Trading In Viva Wine Group Ab (Publ)

Benchmark indices on Wall Street traded in a narrow range through the trading session on Thursday as caution prevailed ahead of a key inflation report on Friday evening.

The Dow Jones ended below the flat line, having traded in a 350-point range through the session, the S&P 500 and Nasdaq managed to eke out gains, trading in a 40 and 160-point range respectively during the day.

Thursday's moves were also characterized by conflicting labor market signals that continued to emerge ahead of the Fed rate decision next week.

According to a report by Challenger, Christmas, & Gray, the announced job cuts by US companies through November crossed 1.1 million, which is the highest since 2020 and are up 54% from last year. For the month itself, 71,321 cuts were announced. On the flip side, initial jobless claims for last week surprisingly fell to 1.91 lakh Vs estimates of 2.2 lakh. Economists attributed the figure to holiday-related volatility.

The big data point of today is the PCE inflation print, which will be reported at 7 PM IST. The delayed report for September is the Fed's biggest data point to consider before its policy announcement as the latest ones will only be announced at the end of the month. Estimates expect the PCE for September to rise 0.2% from last month and 2.8% from last year. Core PCE, which excludes volatile food and energy prices may rise 0.2% from last month and 2.9% year-on-year. If these figures hold, it will mark the 55th straight month of Core PCE remaining above the Fed's 2% target.

Despite the conflicting labor market signals, the odds of a rate cut by the US Federal Reserve next week still stand at 87% as per the CME FedWatch.

The US Dollar index was back above 99 on Thursday, while Gold prices held above the mark of $4,200 an ounce. Silver saw a minor dip in prices towards the $57 an ounce mark.

MILLBROOK, NY / ACCESS Newswire / December 4, 2025 / General Purpose Acquisition Corp. (the "Company") announced today the closing of its initial public offering of 23,000,000 units, including 3,000,000 units sold pursuant to the full exercise of the underwriters' over-allotment option, at a price of $10.00 per unit. Each unit consists of one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemable warrant, each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants will be exercisable. The units are listed on The Nasdaq Global Market ("Nasdaq") and trade under the ticker symbol "GPACU" as of December 3, 2025. Once the securities comprising 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.

The Company is a special purpose acquisition company 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 or entities. The Company is led by Chairman and Chief Executive Officer, Peter Georgiopoulos, President and Director, Leonard Vrondissis and Chief Financial Officer, Stewart Crawford.

Jefferies acted as the sole book-running manager. Ladenburg Thalman and Northland Capital Markets acted as co-managers.

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, or by telephone at 877-821-7388 or by email at Prospectus_Department@Jefferies.com.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the "SEC") on December 2, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute "forward-looking statements," including with respect to the Company's search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact

Stewart Crawford

+1 845 677 4650

info@generalacquisition.com

SOURCE: General Purpose Acquisition Corp.

View the original press release on ACCESS Newswire