Stardust Power Inc. incurred loan of $150,000 with Global Partner Sponsor II LLC at does not bear interest maturing matures upon closing of the Company's initial business combination.
“drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated December 6, 2023, pursuant to the Promissory Note, dated January 13, 2023 between the Company and Global Partner Sponsor II LLC (the “Note”), which Extension Funds the Company deposited into the Company’s trust account for its public shareholders.”
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).
“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”).”
Debt Financings
Stardust Power Inc. incurred loan of $150,000 with Global Partner Sponsor II LLC at does not bear interest maturing upon closing of the Company's initial business combination.
“On November 14, 2023, Global Partner Acquisition Corp II (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated November 9, 2023, pursuant to the Promissory Note, dated January 13, 2023 between the Company and Global Partner Sponsor II LLC (the “Note”)”
Debt Financings
Stardust Power Inc. incurred loan of aggregate of $150,000 with Global Partner Sponsor II LLC at does not bear interest maturing matures upon closing of the Company's initial business combination.
“On October 13, 2023, Global Partner Acquisition Corp II (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated October 13, 2023, pursuant to the Promissory Note, dated January 13, 2023 between the Company and Global Partner Sponsor II LLC (the “Note”)”
Debt Financings
Stardust Power Inc. incurred loan of $150,000 with Global Partner Sponsor II LLC at does not bear interest maturing upon closing of the Company's initial business combination.
“On August 14, 2023, Global Partner Acquisition Corp II (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated August 10, 2023, pursuant to the Promissory Note, dated January 13, 2023 between the Company and Global Partner Sponsor II LLC (the “Note”), which Extension Funds the Company deposited into the Company’s trust account for its public shareholders.”
Debt Financings
Stardust Power Inc. incurred loan of $150,000 with Global Partner Sponsor II LLC at does not bear interest maturing matures upon closing of the Company’s initial business combination.
“On July 14, 2023, Global Partner Acquisition Corp II (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated July 13, 2023, pursuant to the Promissory Note, dated January 13, 2023 between the Company and Global Partner Sponsor II LLC (the “Note”), which Extension Funds the Company deposited into the Company’s trust account for its public shareholders.”
Debt Financings
Stardust Power Inc. incurred loan of $150,000 with Global Partner Sponsor II LLC at does not bear interest maturing upon closing of the Company's initial business combination.
“On June 13, 2023, Global Partner Acquisition Corp II (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated June 9, 2023, pursuant to the Promissory Note, dated January 13, 2023 between the Company and Global Partner Sponsor II LLC (the “Note”)”
Debt Financings
Stardust Power Inc. incurred loan of $150,000 with Global Partner Sponsor II LLC at does not bear interest maturing upon closing of the Company's initial business combination.
“On May 12, 2023, Global Partner Acquisition Corp II (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated May 9, 2023, pursuant to the Promissory Note, dated January 13, 2023 between the Company and Global Partner Sponsor II LLC (the “Note”)”
Debt Financings
Stardust Power Inc. incurred loan of $150,000 with Global Partner Sponsor II LLC at does not bear interest maturing upon closing of the Company’s initial business combination.
“On April 12, 2023, Global Partner Acquisition Corp II (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), pursuant to the Promissory Note, dated January 13, 2023 between the Company and Global Partner Sponsor II LLC (the “Note”)”
Richard C. Davis was appointed as Director at Stardust Power Inc..
“On February 1, 2023, Richard C. Davis was appointed as a member of the board of directors of Global Partner Acquisition Corp II (the "Company").”
Governance Changes
Stardust Power Inc.: Amended articles of association to extend business combination deadline from January 14, 2023 to April 14, 2023, with option for further monthly extensions up to January 14, 2024 (effective 2023-01-13).
“On January 11, 2023, the Company held the Extension Meeting to amend the Company’s amended and restated memorandum and articles of association (the “ Articles Amendment ”)”
Shareholder Votes
Stardust Power Inc. shareholders approved Insider Letter Amendment Proposal at the 2023-01-11 meeting.
“The Insider Letter Amendment Proposal For Against Abstain 28,584,335 727,385 1,012,274”
Shareholder Votes
Stardust Power Inc. shareholders approved Extension Amendment Proposal at the 2023-01-11 meeting.
“The Extension Amendment Proposal For Against Abstain 29,591,556 732,438 0”
Debt Financings
Stardust Power Inc. amended loan with Sponsor maturing the earlier of (i) January 14, 2024, (ii) the consummation of a business combination of the Company and (iii) the liquidation of the Company.
“On January 13, 2023, the Company and the Sponsor entered into an amendment to the promissory note dated August 1, 2022 (the “ Working Capital Promissory Note ”), to extend the maturity date of the Working Capital Promissory Note to the earlier of (i) January 14, 2024, (ii) the consummation of a business combination of the Company and (iii) the liquidation of the Company.”
Debt Financings
Stardust Power Inc. incurred loan of $3,000,000 with Sponsor at does not bear interest maturing upon closing of the Company’s initial business combination.
“on January 13, 2023, the Company issued an unsecured promissory note in the total principal amount of up to $3,000,000 (the “ Promissory Note ”) to the Sponsor.”
Material Agreements
Stardust Power Inc. amended Letter Agreement Amendment with certain officers and directors of the Company (effective 2023-01-13).
“On January 13, 2023, the Company, the Sponsor, and certain officers and directors of the Company (the “ Insiders ,” and together with the Sponsor, the “ Letter Agreement Parties ”) entered into an amendment to the Letter Agreement , dated January 11, 2021 (the “ Letter Agreement ”), to allow the Sponsor to transfer its holdings in the Company, directly or indirectly, to affiliate(s) of Antarctica Capital Partners, LLC prior to the expiration of the applicable lock-up (the “ Letter Agreement Amendment ”)”
Material Agreements
Stardust Power Inc. entered into Investment Agreement with Endurance Global Partner II, LLC valued at $3,000,000 (effective 2023-01-13).
“On January 13, 2023, Global Partner Acquisition Corp II, a Cayman Island exempted company (the “ Company ”), entered into an Investment Agreement (the “ Investment Agreement ”) with Global Partner Sponsor II LLC, a Delaware limited liability company (the “ Sponsor ”), and Endurance Global Partner II, LLC, a Delaware limited liability company (the “ Investor ”), pursuant to which the Investor will contribute to the Sponsor an aggregate amount in cash equal up to $3,000,000 (the “ Investment Contribution ”)”
Graeme Shaw was appointed as Chief Technology Officer at Stardust Power Inc..
“Graeme Shaw was appointed Chief Technology Officer”
Jarett Goldman was appointed as Chief Financial Officer at Stardust Power Inc..
“Jarett Goldman was appointed Chief Financial Officer”
Richard C. Davis was appointed as President at Stardust Power Inc..
“Richard C. Davis was appointed President”
Chandra R. Patel was appointed as Chairman of the board at Stardust Power Inc..
“Chandra R. Patel was appointed Chief Executive Officer and Chairman of the board”
Chandra R. Patel was appointed as Chief Executive Officer at Stardust Power Inc..
“Chandra R. Patel was appointed Chief Executive Officer and Chairman of the board”
David Apseloff resigned as Officer at Stardust Power Inc..
“Paul J. Zepf and David Apseloff resigned as officers of the Company.”
Paul J. Zepf resigned as Officer at Stardust Power Inc..
“Paul J. Zepf and David Apseloff resigned as officers of the Company.”
Jay Ripley resigned as Director at Stardust Power Inc..
“Paul J. Zepf, Pano Anthos, Andrew Cook, James McCann and Jay Ripley tendered their resignations as directors of the Company.”
James McCann resigned as Director at Stardust Power Inc..
“Paul J. Zepf, Pano Anthos, Andrew Cook, James McCann and Jay Ripley tendered their resignations as directors of the Company.”
Andrew Cook resigned as Director at Stardust Power Inc..
“Paul J. Zepf, Pano Anthos, Andrew Cook, James McCann and Jay Ripley tendered their resignations as directors of the Company.”
Pano Anthos resigned as Director at Stardust Power Inc..
“Paul J. Zepf, Pano Anthos, Andrew Cook, James McCann and Jay Ripley tendered their resignations as directors of the Company.”
Paul J. Zepf resigned as Director at Stardust Power Inc..
“Paul J. Zepf, Pano Anthos, Andrew Cook, James McCann and Jay Ripley tendered their resignations as directors of the Company.”
Debt Financings
Stardust Power Inc. incurred loan of up to $250,000 with Global Partner Sponsor II LLC at no interest maturing upon the consummation of the Company’s initial merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.
“On January 3, Global Partner Acquisition Corp II (the “Company”) issued a promissory note (the “Note”) in the principal amount of up to $250,000 to Global Partner Sponsor II LLC (the “Payee”).”
Material Agreements
Stardust Power Inc. entered into Note with Global Partner Sponsor II LLC valued at $250,000 (effective 2023-01-03).
“On January 3, Global Partner Acquisition Corp II (the “Company”) issued a promissory note (the “Note”) in the principal amount of up to $250,000 to Global Partner Sponsor II LLC (the “Payee”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.