secwatch.observer — SEC 8-K summary
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Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001213900-23-067245
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000121390023067245/0001213900-23-067245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000121390023067245/ea183559-8k_globalpart2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-067245

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer