M&A
confidence high
sentiment neutral
materiality 0.85
GPAC shareholders approve Stardust Power merger; 1.66M shares redeemed for $18.9M
Stardust Power Inc.
- All seven proposals approved, including Business Combination, Domestication, Charter, and Nasdaq listing.
- Holders of 1,660,035 Class A shares exercised redemptions at ~$11.38/share, aggregate $18,893,209.
- After redemptions, only 134,550 non-sponsor shares remain in trust (~$1.53M) for Combined Company.
- Post-closing, Combined Company expected to trade on Nasdaq as SDST (common) and SDSTW (warrants).
- Closing expected in coming weeks pending satisfaction of remaining conditions.