secwatch.observer — SEC 8-K summary
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Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0001213900-23-003149
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GPAC shareholders approve extension to Apr 2023; ~$265M redeemed; new Antarctica leadership
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- Extension approved to Apr 14, 2023 with monthly option through Jan 14, 2024; 26.1M shares redeemed for ~$265M at ~$10.167/share.
- New CEO & Chairman Chandra Patel, President Richard Davis, CFO Jarett Goldman, CTO Graeme Shaw appointed; all from Antarctica Capital affiliates.
- Up to $3M investment from Endurance Global Partner II via promissory note; initial $450k funded for extension working capital.
- Prior directors Paul Zepf, Pano Anthos, Andrew Cook, James McCann, Jay Ripley resigned; Zepf & Apseloff left officer roles; no disagreement.
- Sponsor transferred control to Antarctica Capital affiliates; letter agreement amended to allow transfer with lock-up release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/ea171644-8k_globalpart2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-003149

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