M&A
confidence high
sentiment neutral
materiality 0.40
GPAC II amends merger agreement with Stardust Power; adds alternative financing up to $5M
Stardust Power Inc.
- Equity Value definition amended to include cash from Alternative Financing, minus debt and transaction expenses.
- Alternative Financing permits up to $5M in third-party capital (debt or equity) contributed at least 10 business days before closing.
- All other terms of the Business Combination Agreement remain unchanged.
- Amendment executed April 24, 2024, by GPAC II, merger subsidiaries, and Stardust Power.