8-K
filed January 16, 2024, 6:59 PM ET
ticker SDST
CIK 0001831979
other material
confidence high
sentiment neutral
materiality 0.65
GPAC II shareholders approve 6-month extension; ~$23.6M redeemed at $11.05/share
Stardust Power Inc.
- Shareholders approved extension of business combination deadline from Jan 14 to July 14, 2024.
- Holders of 2,137,134 Public Shares redeemed for ~$23.6M at ~$11.05 per share.
- Sponsor entered non-redemption agreements covering 1,503,254 shares; agreed to transfer/forfeit 127,777 Founder Shares.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Stardust Power Inc.: The Company filed an amendment to its amended and restated memorandum and articles of association to extend the deadline to consummate a business combination from January 14, 2024 to July 14, 2024, and to eliminate the redemption limitation and allow founder share conversion (effective 2024-01-11).
- Change
- charter amendment
- Effective
- 2024-01-11
Exact text from the filing
On January 9, 2024, Global Partner Acquisition Corp II (“GPAC II” and “Company”) held the extraordinary general meeting of shareholders of the Company (the “Extension Meeting”) to amend (the “Articles Amendment”), by way of special resolution, the Company’s amended and restated memorandum and articles of association (as amended, the “Amended Articles”) to extend the date by which the Company has to consummate a business combination from January 14, 2024 to July 14, 2024 for a total of an additional six months after January 14, 2024, unless the closing of a business combination shall have occurred prior thereto (collectively, the “Extension Amendment Proposal”); to eliminate, by way of special resolution, from the Amended Articles the limitation that GPAC II may not redeem Class A ordinary shares, par value $.0001 per share (the “Class A Ordinary Shares” and “Public Shares”), to the extent that such redemption would result in GPAC II having net tangible assets of less than $5,000,001 (t
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Stardust Power Inc. shareholders approved Redemption Limitation Amendment Proposal at the 2024-01-09 meeting.
- Outcome
- passed
- Meeting
- 2024-01-09
Exact text from the filing
The Redemption Limitation Amendment Proposal For Against Abstain 9,555,313 1,009 3,186
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Stardust Power Inc. shareholders approved Extension Amendment Proposal at the 2024-01-09 meeting.
- Outcome
- passed
- Meeting
- 2024-01-09
Exact text from the filing
The Extension Amendment Proposal For Against Abstain 9,533,581 22,841 3,186
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Stardust Power Inc. shareholders approved Founder Conversion Amendment Proposal at the 2024-01-09 meeting.
- Outcome
- passed
- Meeting
- 2024-01-09
Exact text from the filing
The Founder Conversion Amendment Proposal For Against Abstain 9,555,313 1,009 3,186
View on SEC.gov
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