Stardust Power Inc. Files 8-K/A Amendment

TL;DR

Stardust Power filed an amendment to a material agreement from Dec 12th. Details TBD.

AI Summary

Stardust Power Inc. filed an amendment (8-K/A) on December 26, 2024, to a previous filing concerning a material definitive agreement entered into on December 12, 2024. The filing does not provide specific details about the agreement itself, but it is an amendment to a Form 8-K.

Why It Matters

This filing indicates an update or correction to a previously reported material definitive agreement, which could impact the company's business operations or financial standing.

Risk Assessment

Risk Level: medium — Amendments to material definitive agreements can signal changes in business strategy or potential issues with the original agreement.

Key Numbers

• 001-39875 — SEC File Number (Stardust Power Inc.'s SEC file number)
• 99-3863616 — IRS Employer Identification Number (Stardust Power Inc.'s IRS EIN)

Key Players & Entities

• Stardust Power Inc. (company) — Registrant
• December 12, 2024 (date) — Date of earliest event reported
• December 26, 2024 (date) — Filing date of the amendment
• Global Partner Acquisition Corp II (company) — Former company name

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share SDST The Nasdaq Global Ma
• $11.50 — of Common Stock at an exercise price of $11.50 SDSTW The Nasdaq Global Market In
• $1.8 million — ") in the aggregate principal amount of $1.8 million. The Loans will bear interest at a rate
• $2.7 million — to issue to the Lenders an aggregate of $2.7 million in Common Stock on the earlier to occur

Filing Documents

• form8-ka.htm (8-K/A) — 43KB
• 0001493152-24-051944.txt ( ) — 267KB
• sdst-20241212.xsd (EX-101.SCH) — 4KB
• sdst-20241212_def.xml (EX-101.DEF) — 29KB
• sdst-20241212_lab.xml (EX-101.LAB) — 36KB
• sdst-20241212_pre.xml (EX-101.PRE) — 27KB
• form8-ka_htm.xml (XML) — 6KB

01 of the Original Form 8-K. The Original Form 8-K otherwise remains unchanged

Item 1.01 of the Original Form 8-K. The Original Form 8-K otherwise remains unchanged.

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On December 13, 2024, the Company agreed to issue promissory notes (the "Promissory Notes") to several lenders (collectively, the "Lenders"), providing for loans (the "Loans") in the aggregate principal amount of $1.8 million. The Loans will bear interest at a rate of 15% per year, and mature on March 13, 2025 (the "Maturity Date"). The proceeds of the Loans are expected to be used by the Company for general corporate and working capital purposes. The Promissory Notes will contain customary representations and warranties and customary events of default. Pursuant to the Promissory Notes, an aggregate of approximately 3,400,000 shares of Company common stock, par value $0.0001 per share (the "Common Stock"), owned by founders of the Company, will be pledged as collateral. In addition, the Company has agreed to issue to the Lenders an aggregate of $2.7 million in Common Stock on the earlier to occur of (i) the consummation of a private placement offering of Company securities (in which case such issuance shall be on no less favorable terms than the terms of such private placement) and (ii) the Maturity Date, in each case, based on the lower of the closing price of the Company's Common Stock on the date of issuance and a trailing 30-day volume-weighted average price, provided that the minimum number of shares of Common Stock issued to the Lenders shall be no less than an aggregate of 360,000 shares. The securities are being offered and sold by the Company pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Act") provided by Section 4(a)(2) and/or Regulation D promulgated thereunder, as a transaction not involving a public offering. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: Decemb

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View this 8-K/A filing on SEC EDGAR