---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-089281"
form_type: "8-K"
ticker: "SDST"
cik: "0001831979"
company_name: "Stardust Power Inc."
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:49:51.420073+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GPAC II to merge with Stardust Power at $450M enterprise value; expected close H1 2024

## Summary
- Enterprise value of $450M (excluding $50M earnout based on $10/share price targets).
- Combined company to be named Stardust Power Inc., trading on Nasdaq under SDST and SDSTW.
- Closing expected first half 2024, subject to shareholder approvals, HSR, and other conditions.
- Sponsor forfeits 3.5M shares; 3M shares vest pre-close; 1M shares subject to price-based vesting.
- GPAC II may issue up to $150M in subscription agreements for additional financing.

## SEC filing metadata
- accession: 0001213900-23-089281
- form_type: 8-K
- ticker: SDST
- cik: 0001831979
- company_name: Stardust Power Inc.
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831979/000121390023089281/0001213900-23-089281-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831979/000121390023089281/ea188810-8k425_global2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-089281
- JSON: https://secwatch.observer/filing/0001213900-23-089281.json
- Plain text: https://secwatch.observer/filing/0001213900-23-089281.txt

## Key facts
- Material Agreements
  Stardust Power Inc. entered into Business Combination Agreement with Global Partner Acquisition Corp II, a Cayman Islands exempted company (GPAC II) valued at an enterprise value of $450,000,000 (effective 2023-11-21).
  - Action: entry
  - Agreement: merger
  - Counterparty: Global Partner Acquisition Corp II, a Cayman Islands exempted company (GPAC II)
  - Value: an enterprise value of $450,000,000
  - Effective: 2023-11-21
  source text: On November 21, 2023, Global Partner Acquisition Corp II, a Cayman Islands exempted company (“GPAC II”), entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time, the “Business Combination Agreement”), with Strike Merger Sub I, Inc., a Delaware corporation and direct wholly-owned Subsidiary of GPAC II (“First Merger Sub”), Strike Merger Sub II, LLC, a Delaware limited liability company and direct wholly-owned Subsidiary of GPAC II (“Second Merger Sub”), and Stardust Power Inc., a Delaware corporation (“Stardust Power”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023089281/0001213900-23-089281-index.htm

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