secwatch.observer — SEC 8-K summary
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Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2023-12-14T23:59:59+00:00
Accession:  0001213900-23-095717
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

GPAC II draws $150K from sponsor note for 9th extension to Jan 14, 2024
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- Drew $150,000 from Promissory Note with sponsor Global Partner Sponsor II LLC on Dec 14, 2023.
- Funds deposited into trust account to extend business combination deadline from Dec 14, 2023 to Jan 14, 2024.
- This is the ninth and final one-month extension permitted under the company's amended articles.
- Note is non-interest bearing, matures upon business combination; up to $1.75M principal convertible into warrants at $1.50 each.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000121390023095717/0001213900-23-095717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000121390023095717/ea189848-8k425_global2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-095717

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