---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-048930"
form_type: "8-K"
ticker: "SDST"
cik: "0001831979"
company_name: "Stardust Power Inc."
filed_at: "2023-06-14T23:59:59+00:00"
generated_at: "2026-06-14T01:32:26.856646+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# GPAC draws $150K from sponsor note to extend business combination deadline to July 14, 2023

## Summary
- Drew $150,000 from sponsor promissory note to deposit into trust account for third one-month extension.
- Extension moves business combination deadline from June 14 to July 14, 2023.
- Note is non-interest bearing, matures upon business combination or from funds outside trust.
- Up to $1.75M of principal can be converted into warrants at $1.50 per warrant, identical to private placement warrants.

## SEC filing metadata
- accession: 0001213900-23-048930
- form_type: 8-K
- ticker: SDST
- cik: 0001831979
- company_name: Stardust Power Inc.
- filed_at: 2023-06-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831979/000121390023048930/0001213900-23-048930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831979/000121390023048930/ea180319-8k_globalpart2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-048930
- JSON: https://secwatch.observer/filing/0001213900-23-048930.json
- Plain text: https://secwatch.observer/filing/0001213900-23-048930.txt

## Key facts
- Debt Financings
  Stardust Power Inc. incurred loan of $150,000 with Global Partner Sponsor II LLC at does not bear interest maturing upon closing of the Company's initial business combination.
  - Instrument: loan
  - Principal: $150,000
  - Counterparty: Global Partner Sponsor II LLC
  - Rate: does not bear interest
  - Maturity: upon closing of the Company's initial business combination
  - Event: incurrence
  source text: On June 13, 2023, Global Partner Acquisition Corp II (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated June 9, 2023, pursuant to the Promissory Note, dated January 13, 2023 between the Company and Global Partner Sponsor II LLC (the “Note”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023048930/0001213900-23-048930-index.htm

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