<SEC-DOCUMENT>0001104659-24-032474.txt : 20240606
<SEC-HEADER>0001104659-24-032474.hdr.sgml : 20240606
<ACCEPTANCE-DATETIME>20240308171225
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-24-032474
CONFORMED SUBMISSION TYPE:	DRSLTR
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240308

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GP-Act III Acquisition Corp.
		CENTRAL INDEX KEY:			0001834526
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DRSLTR

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 309, UGLAND HOUSE
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1104
		BUSINESS PHONE:		(212) 430-4340

	MAIL ADDRESS:	
		STREET 1:		PO BOX 309, UGLAND HOUSE
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GP Investments Acquisition Corp. II
		DATE OF NAME CHANGE:	20201202
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<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-variant: small-caps">Skadden,
Arps, Slate, Meagher &amp; Flom llp</FONT></P>



<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="text-transform: uppercase">Av. Brigadeiro
Faria Lima, 3311 7&deg; andar</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">04.538-133
S&atilde;o Paulo - SP - Brazil</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
    <TD STYLE="width: 15%">&nbsp;</TD>
<TD STYLE="width: 70%; text-align: center">
                                           <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">TEL: +55 11 3708 1820</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">FAX: +55 11 3708 1845</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">www.skadden.com</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                         <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">March 7, 2024</P></TD><TD STYLE="vertical-align: top; text-align: center; width: 15%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">AFFILIATE OFFICES</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">-----------</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">BOSTON</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">CHICAGO</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">HOUSTON</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">LOS ANGELES</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">NEW YORK</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">PALO ALTO</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">WASHINGTON, D.C.</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">WILMINGTON</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">-----------</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">BEIJING</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">BRUSSELS</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">FRANKFURT</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">HONG KONG</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">LONDON</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">MUNICH</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">PARIS</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">SEOUL</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">SHANGHAI</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">SINGAPORE</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">TOKYO</P>
                                                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">TORONTO</P>



</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Office of Real Estate &amp; Construction</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attn: Ruairi Regan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.5pt">Dorrie Yale</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.5pt">William Demarest</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.5pt">Kristina Marrone</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>Re:</B></TD><TD><B>GP-Act III Acquisition Corp.<BR>
Draft Registration Statement on Form S-1<BR>
Submitted January 19, 2024<BR>
CIK No.: 0001834526</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On behalf of GP-Act III Acquisition Corp. (the
&ldquo;<B>Company</B>&rdquo;), set forth below are the Company&rsquo;s responses to the comments of the staff (the &ldquo;<B>Staff</B>&rdquo;)
of the U.S. Securities and Exchange Commission (the &quot;<B>Commission</B>&quot;) contained in your letter dated February 15, 2024 (the
&ldquo;<B>Comment Letter</B>&rdquo;) with regard to the above-referenced Draft Registration Statement on Form S-1 (the &ldquo;<B>Draft
Registration Statement</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Concurrently with the submission of this letter,
the Company is confidentially submitting Amendment No. 1 to the Draft Registration Statement (the &quot;<B>Amendment</B>&quot;) with the
Commission through its EDGAR system, reflecting the revisions described in this letter as well as certain other updated information. To
assist your review, we are separately e-mailing the Staff a copy of the Amendment marked to show changes to the Draft Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For ease of reference, the responses are numbered
to correspond to the numbering of the comments in the Comment Letter and each comment is reproduced in bold form below. Unless otherwise
indicated, capitalized terms used herein have the meanings assigned to them in the Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Draft Registration Statement on Form S-1 </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Cover Page</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>1.</B></TD><TD><B>We note your disclosure that you will have 24 months from the closing of the initial public offering to consummate your initial
business combination. Please clarify, if true, that you may amend your organizational documents to extend your business combination deadline.
If there are reasons why you cannot or will not seek shareholder approval to extend such deadline, please state so. Please add similar
clarification elsewhere in your filing where you describe the deadline. </B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Response</U>:&nbsp;&nbsp;&nbsp;&nbsp;The Company acknowledges the
Staff&rsquo;s comment and has revised the disclosure on pages 35, 43, 61 and 147 of the Amendment in accordance with the Staff&rsquo;s
comment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Summary </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Competitive Strengths, page 5 </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>2.</B></TD><TD><B>Please revise to balance your disclosure in this section by also disclosing the current trading price of each of Rimini Street
and Whole Earths Brands, and also provide a quantification of the amount of public shares that were outstanding immediately prior to those
merger transactions.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Response</U>:&nbsp;&nbsp;&nbsp;&nbsp;The Company acknowledges the
Staff&rsquo;s comment and has revised the disclosure on pages 5 and 97 of the Amendment in accordance with the Staff&rsquo;s comment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Redemption rights for public shareholders upon
completion of our initial business combination, page 29 </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>3.</B></TD><TD><B>We note your statement that your public shareholders will have the opportunity to redeem their shares upon the completion of your
business combination. Please revise here, and elsewhere as appropriate, to disclose whether the shareholders will be permitted to redeem
their shares regardless of whether they abstain, vote for, or against, the proposed transaction or whether they must vote against it.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Response</U>:&nbsp;&nbsp;&nbsp;&nbsp;The Company acknowledges the
Staff&rsquo;s comment and has revised the disclosure on the cover of the preliminary prospectus and on pages 29, 86, 112, 122, 146 and
148 of the Amendment in accordance with the Staff&rsquo;s comment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Risk Factors </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>If we are deemed to be an investment company...,
page 49 </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>4.</B></TD><TD><B>We note your statement that the assets in your trust account will be invested only in U.S. government treasury obligations with
a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Ac. Please
revise your disclosure to state clearly the risk that nevertheless, you could be considered to be operating as an unregistered investment
company. Please confirm that if your facts and circumstances change over time, you will update your disclosure to reflect how those changes
impact the risk that you may be considered to be operating as an unregistered investment company.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Response</U>:&nbsp;&nbsp;&nbsp;&nbsp;The Company acknowledges the
Staff&rsquo;s comment and has revised the disclosure on pages 25, 48, 49, 50, 80, 89, 91 and 120 of the Amendment in accordance with the
Staff&rsquo;s comment. We respectfully draw the Staff&rsquo;s attention to pages 49 and 50 and the risk factor entitled &quot;<I>If we
are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements
and our activities may be restricted, which may make it difficult for us to complete our initial business combination,</I>&quot; which
indicates the risks of the Company operating as an unregistered investment company. The Company further confirms that if any relevant
facts and circumstances change over time, it will update the disclosure to reflect how those changes impact the risk that it may be considered
to be operating as an unregistered investment company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>We may be unable to obtain additional financing
.. . ., page 56</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>5.</B></TD><TD><B>We note your statement that you believe that the net proceeds of this offering and the sale of the private placement warrants will
be sufficient to allow you to complete your initial business combination. We also note your disclosures elsewhere that you intend to target
companies whose enterprise valuation is between $1.0 billion and $5.0 billion. Please revise to reconcile.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Response</U>:&nbsp;&nbsp;&nbsp;&nbsp;We respectfully draw the Staff&rsquo;s
attention to the fact that it is common for SPACs to use common equity to fund a material portion of the purchase price of such entity&rsquo;s
initial business combination. Therefore, we believe that the statement relating to the proceeds of this offering being sufficient to consummate
a business combination is consistent with the statement that we intend to target companies whose enterprise valuation is between $1.0
billion and $5.0 billion. In addition, in the risk factor entitled &ldquo;<I>We may be unable to obtain additional financing to complete
our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure or abandon
a particular business combination,</I>&rdquo; we state that &ldquo;If the net proceeds of this offering and the sale of the private placement
warrants prove to be insufficient, [&hellip;] we may be required to seek additional financing or to abandon the proposed business combination.
We cannot assure you that such financing will be available on acceptable terms, if at all.&rdquo; In addition, we have added the following
disclosure on pages 10 and 102 of the Amendment: &ldquo;To the extent the purchase price for any acquisition to be paid in cash exceeds
the net proceeds available to us, we may issue debt or equity to consummate the acquisition. Such additional financing may come in the
form of bank financings or preferred equity, common equity or debt offerings or a combination of the foregoing.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Use of Proceeds, page 79</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>6.</B></TD><TD><B>We refer to your statement on page 39 that the &quot;as adjusted&quot; information contemplates repayment of up to $700,000 in
loans from GPIC, Ltd., and $400,000 in loans from IDS III LLC. You also state here in note 2 that these loans will be repaid upon completion
of the offering &quot;out of the $600,000 of offering proceeds that has been allocated for the payment of offering expenses (other than
underwriting commissions) not held in the trust account.&quot; However, the $600,000 amount does not appear to be included in the second
table, which shows the use of net proceeds that are not held in the trust account. In addition, please clarify how you will repay any
loans that exceed this $600,000 amount. In this regard, we note your statement in note 2 that as of December 31, 2023, the outstanding
amount was already $682,182.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Response</U>:&nbsp;&nbsp;&nbsp;&nbsp;The Company acknowledges the
Staff&rsquo;s comment and has revised the disclosure on page 79 of the Amendment and elsewhere in the Amendment in accordance with the
Staff&rsquo;s comment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Principal Shareholders, page 139</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>7.</B></TD><TD><B>Please identify the natural person or persons who, directly or indirectly, exercise sole or shared voting and/or investment powers
with respect to the shares held by GPIAC II, LLC.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Response</U>:&nbsp;&nbsp;&nbsp;&nbsp;The Company acknowledges the
Staff&rsquo;s comment and has revised the disclosure on pages 139 of the Amendment in accordance with the Staff&rsquo;s comment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Income Tax Considerations, page 164</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>8.</B></TD><TD><B>Your description of the tax consequences should describe clearly those consequences and not merely provide a summary. Please revise
to remove the summary references. Also, please remove the disclaimer on page 164 that the discussion does not constitute tax advice.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Response</U>:&nbsp;&nbsp;&nbsp;&nbsp;The Company acknowledges the
Staff&rsquo;s comment and has revised the disclosure on pages 164, 165 and 166 of the Amendment in accordance with the Staff&rsquo;s comment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Signatures, page II-5 </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>9.</B></TD><TD><B>Please include the signature of the authorized representative in the United States. Refer to the instructions to the Signatures
section of Form S-1. </B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><U>Response</U>:&nbsp;&nbsp;&nbsp;&nbsp;The Company acknowledges the
Staff&rsquo;s comment and has revised the signature page on page II-5 of the Amendment to include a signature block of the authorized
representative in the United States in accordance with the Staff&rsquo;s comment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">*&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;*&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;*&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;*&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If you have any questions with respect to the foregoing,
please contact me at +55 11-3708-1840 or Mathias.vonBernuth@skadden.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-size: 10pt">Very truly yours,</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/ J. Mathias
    von Bernuth, Esq.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">J. Mathias von Bernuth, Esq.</FONT></TD></TR>
  </TABLE>


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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">cc:</TD><TD>Mr. Antonio Bonchristiano</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Mr. Rodrigo Boscolo<BR>
GP-Act III Acquisition Corp.&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

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