General Acquisition is a blank check company (SPAC) incorporated in the Cayman Islands in July 2025, with no operating business or revenues. Its sole purpose is to identify and merge with a private company, taking it public in the process. General Acquisition raised ~$230M in its IPO, which closed in December 2025, with proceeds held in trust while management searches for a target. The company has 24 months from the IPO closing — until approximately December 2027 — to complete an initial business combination, or it must liquidate the trust and return ~$10.00 per share to public shareholders. The sponsor, controlled by CEO Peter Georgiopoulos and President Leonard Vrondissis, paid ~$4.3M for founder shares and private placement units; upon a successful deal, the sponsor receives ~20% of the post-combination company's equity — a standard SPAC structure. The target enterprise value range is ~$600M–$1.8B, with the trust funding a portion and the remainder expected to come from PIPE transactions, debt, or equity. General Acquisition's target universe spans maritime businesses — including marine technology, marine services, Jones Act fleets, marine distribution, marine logistics, and vessel technical managers — as well as AI-focused data centers. The management team has deep maritime capital markets experience; Georgiopoulos founded General Maritime, Genco Shipping, and Gener8 Maritime, and has raised over $20B across 30 maritime transactions.