secwatch.observer — SEC 8-K summary
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Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001213900-23-089281
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000121390023089281/0001213900-23-089281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000121390023089281/ea188810-8k425_global2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-089281

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