SEC Filing Summary: GP Investments Acquisition Corp.
Business Context and Reporting Period
This Form 8-K was filed by GP Investments Acquisition Corp. on July 8, 2015. The filing reports a corporate event regarding the trading structure of the Company's securities. Note: The input metadata references "Rimini Street, Inc.", but the filing text explicitly identifies the registrant as "GP Investments Acquisition Corp."
Key Financial Metrics
The filing text does not provide revenue, profit, cash flow, margins, debt, or liquidity figures. This report focuses solely on a corporate action regarding securities trading.
Material Changes
Effective July 10, 2015, holders of the Company's Units may elect to separately trade the ordinary shares and warrants included in the Units. Previously, these securities traded as a combined unit.
- Unit Composition: Each Unit consists of one ordinary share ($0.0001 par value) and one-half of one warrant.
- Warrant Terms: Each whole warrant entitles the holder to purchase one ordinary share at $11.50 per share.
- Trading Symbols:
- Combined Units: GPIAU
- Separated Ordinary Shares: GPIA
- Separated Warrants: GPIAW
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, risk factors, or contingencies beyond the announcement of the separate trading capability.
Investor Verification Checklist
- Verify the correct registrant name (GP Investments Acquisition Corp.) versus the metadata label (Rimini Street, Inc.).
- Confirm the effective date of separate trading (July 10, 2015).
- Review the warrant exercise price ($11.50) and the ratio of warrants per unit (0.5).
- Check the NASDAQ Capital Market symbols for the separated components (GPIA and GPIAW).