---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-001417"
form_type: "8-K"
ticker: "SDST"
cik: "0001831979"
company_name: "Stardust Power Inc."
filed_at: "2023-01-06T23:59:59+00:00"
generated_at: "2026-06-20T18:57:35.941586+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# GPAC II issues up to $250K promissory note to sponsor for extension expenses

## Summary
- Note from Global Partner Acquisition Corp II to Global Partner Sponsor II LLC, principal up to $250,000.
- No interest accrues; due upon consummation of a business combination or from funds outside trust if no deal.
- Payee may convert unpaid principal into warrants at $1.50 per warrant, identical to private placement warrants.
- Proceeds used solely for expenses related to extending the deadline for a business combination.
- Payee waives all claims against the trust account; note unsecured and subordinated to trust.

## SEC filing metadata
- accession: 0001213900-23-001417
- form_type: 8-K
- ticker: SDST
- cik: 0001831979
- company_name: Stardust Power Inc.
- filed_at: 2023-01-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831979/000121390023001417/0001213900-23-001417-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831979/000121390023001417/ea171349-8k_globalpart2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-001417
- JSON: https://secwatch.observer/filing/0001213900-23-001417.json
- Plain text: https://secwatch.observer/filing/0001213900-23-001417.txt

## Key facts
- Debt Financings
  Stardust Power Inc. incurred loan of up to $250,000 with Global Partner Sponsor II LLC at no interest maturing upon the consummation of the Company’s initial merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.
  - Instrument: loan
  - Principal: up to $250,000
  - Counterparty: Global Partner Sponsor II LLC
  - Rate: no interest
  - Maturity: upon the consummation of the Company’s initial merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination
  - Event: incurrence
  source text: On January 3, Global Partner Acquisition Corp II (the “Company”) issued a promissory note (the “Note”) in the principal amount of up to $250,000 to Global Partner Sponsor II LLC (the “Payee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023001417/0001213900-23-001417-index.htm
- Material Agreements
  Stardust Power Inc. entered into Note with Global Partner Sponsor II LLC valued at $250,000 (effective 2023-01-03).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Global Partner Sponsor II LLC
  - Value: $250,000
  - Effective: 2023-01-03
  source text: On January 3, Global Partner Acquisition Corp II (the “Company”) issued a promissory note (the “Note”) in the principal amount of up to $250,000 to Global Partner Sponsor II LLC (the “Payee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023001417/0001213900-23-001417-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.