secwatch.observer — SEC 8-K summary
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Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0001213900-23-001417
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000121390023001417/0001213900-23-001417-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000121390023001417/ea171349-8k_globalpart2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-001417

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