---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-067245"
form_type: "8-K"
ticker: "SDST"
cik: "0001831979"
company_name: "Stardust Power Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T12:30:41.861577+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# GPAC draws $150,000 from sponsor note to extend business combination deadline to September 14, 2023

## Summary
- Drew $150,000 under Promissory Note with Global Partner Sponsor II LLC to fund fifth one-month extension.
- Extension moves deadline from August 14, 2023 to September 14, 2023; fifth of nine one-month extensions permitted.
- Note bears no interest, matures upon closing of initial business combination; repayment only from trust account excess if no deal.
- Up to $1.75M of note principal convertible into warrants at $1.50 per warrant, identical to private placement warrants.

## SEC filing metadata
- accession: 0001213900-23-067245
- form_type: 8-K
- ticker: SDST
- cik: 0001831979
- company_name: Stardust Power Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831979/000121390023067245/0001213900-23-067245-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831979/000121390023067245/ea183559-8k_globalpart2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-067245
- JSON: https://secwatch.observer/filing/0001213900-23-067245.json
- Plain text: https://secwatch.observer/filing/0001213900-23-067245.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 August 14, 2023, Global Partner Acquisition Corp II (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated August 10, 2023, pursuant to the Promissory Note, dated January 13, 2023 between the Company and Global Partner Sponsor II LLC (the “Note”), which Extension Funds the Company deposited into the Company’s trust account for its public shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023067245/0001213900-23-067245-index.htm

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