GP INVESTMENTS ACQUISITION CORP. (NASDAQ:GPIA) Files An 8-K Other Events

Item 8.01.

On May 23, 2017, GP Investments Acquisition Corp., a Cayman
Islands exempted company limited by shares (the Company), held an
extraordinary general meeting of shareholders (the Extraordinary
General Meeting) to approve, among other things, the extension of
the date by which the Company must (i) consummate a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses or
entities (a business combination), (ii) cease its operations if
it fails to complete such business combination, and (iii) redeem
all of the Companys ordinary shares included as part of the units
sold in the Companys initial public offering that was consummated
on May 26, 2015, from May 26, 2017 to November 27, 2017 (the
Extension Amendment Proposal).

On May 23, 2017, the shareholders of the Company approved, among
other things, the Extension Amendment Proposal. In connection
with the Extension Amendment Proposal, public shareholders had
the right to elect to redeem their shares for a per-share price,
payable in cash, based upon the aggregate amount then on deposit
in the Companys trust account, as described in the definitive
proxy statement filed with the SEC on April 24, 2017 relating to
the Companys Extraordinary General Meeting (the Definitive Proxy
Statement).

In connection with the Extension Amendment Proposal, public
shareholders holding 1,552,724 ordinary shares validly elected to
redeem their ordinary shares. As of May 23, 2017, the balance in
the Companys trust account, after deduction of the amount
required to redeem the ordinary shares to be redeemed on May 25,
2017, is $157.8 million.

Forward Looking Statements

The Company believes that some of the information in this Form
8-K constitutes forward-looking statements. You can identify
these statements by forward-looking words such as will, expects
and proposes or similar words. You should read statements that
contain these words carefully because they (a) discuss future
expectations, (b) contain projections of future results of
operations or financial condition, and (c) state other
forward-looking information. The Company believes it is important
to communicate its expectations to the Companys shareholders.
However, there may be events in the future that the Company is
not able to predict accurately or over which the Company has no
control. Risks, uncertainties and events may cause actual results
to differ materially from the expectations described by the
Company in such forward-looking statements. You are cautioned not
to place undue reliance on these forward-looking statements,
which speak only as of the date of this Form 8-K. All
forward-looking statements included herein in this Form 8-K are
expressly qualified in their entirety by the cautionary
statements contained in this section. Except to the extent
required by applicable laws and regulations, we undertake no
obligation to update or revise these forward-looking statements,
whether as a result of new information, future events or
otherwise. The Companys shareholders are also advised to read the
Definitive Proxy Statement, and any other relevant materials
filed with the Securities and Exchange Commission (the SEC),
carefully in their entirety, once available, including the
section included therein relating to forward-looking statements,
before making any voting or investment decision with respect to
the matters referred to in this Form 8-K.

Participants in the Solicitation

The Company and Rimini Street, Inc. and their respective
directors and certain of their respective executive officers may
be considered participants in the solicitation of proxies with
respect to the proposed transactions to the Merger Agreement
entered into by the Company on May 16, 2017 under the rules of
the SEC. Information about the directors and executive officers
of the Company is set forth in its Annual Report on Form 10-K for
the year ended December 31, 2016, which was filed with the SEC on
March 16, 2017. Additional information regarding the participants
in the proxy solicitations and a description of their direct and
indirect interests, by security holdings or otherwise, are
included in the Definitive Proxy Statement and also will be
included in the joint proxy statement/prospectus and other
relevant materials to be filed with the SEC when they become
available. These documents can be obtained free of charge once
available by directing a request to: Morrow Sodali LLC, 470 West
Avenue, 3rd Floor, Stamford, Connecticut 06902, Individuals call
toll-free: (800) 662-5200, Banks and brokerage, please call (203)
658-9400, Email: [email protected].

Disclaimer

This Form 8-K is not a proxy statement or solicitation of a
proxy, consent or authorization with respect to any securities
and shall not constitute an offer to sell or a solicitation of an
offer to buy the securities of the Company, nor shall there be
any sale of any such securities in any state or jurisdiction in
which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of
such state or jurisdiction.

About GP INVESTMENTS ACQUISITION CORP. (NASDAQ:GPIA)

GP Investments Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company has no operations. The Company has not generated any revenue.

GP INVESTMENTS ACQUISITION CORP. (NASDAQ:GPIA) Recent Trading Information

GP INVESTMENTS ACQUISITION CORP. (NASDAQ:GPIA) closed its last trading session 00.00 at 10.04 with 23,818 shares trading hands.