GPAC Delisted from NYSE American, Trading Halted
Ticker: SDSTW · Form: 8-K · Filed: Jan 17, 2024 · CIK: 1831979
| Field | Detail |
|---|---|
| Company | Global Partner Acquisition Corp II (SDSTW) |
| Form Type | 8-K |
| Filed Date | Jan 17, 2024 |
| Risk Level | high |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: delisting, regulatory-action, liquidity-risk
TL;DR
**GPAC is delisted from NYSE American, making its shares illiquid.**
AI Summary
Global Partner Acquisition Corp II (GPAC) filed an 8-K on January 17, 2024, reporting that its securities will be delisted from the NYSE American stock exchange. This delisting, effective January 16, 2024, means investors will no longer be able to trade GPAC shares, units, and warrants on that exchange. This matters because it significantly reduces liquidity and accessibility for current shareholders and makes it harder for new investors to buy the stock, potentially leading to a loss of value.
Why It Matters
Delisting from a major exchange like NYSE American severely impacts a stock's liquidity and visibility, making it difficult for investors to buy or sell shares and potentially leading to a significant drop in value.
Risk Assessment
Risk Level: high — Delisting from a major exchange is a severe event that typically results in a significant loss of liquidity and value for shareholders.
Analyst Insight
A smart investor holding GPAC shares should immediately assess the implications of this delisting on their investment, as liquidity will be severely impacted, and consider exiting their position if possible, or prepare for potential significant loss of value.
Key Players & Entities
- Global Partner Acquisition Corp II (company) — the registrant whose securities are being delisted
- NYSE American (company) — the stock exchange from which GPAC is being delisted
- January 16, 2024 (date) — the date of the earliest event reported and the effective date of delisting
- January 17, 2024 (date) — the filing date of the 8-K report
FAQ
What is the primary event reported in this 8-K filing by Global Partner Acquisition Corp II?
The primary event reported is the delisting of Global Partner Acquisition Corp II's securities from the NYSE American stock exchange, effective January 16, 2024.
What types of securities of Global Partner Acquisition Corp II are affected by this delisting?
The delisting affects GPAC's Units (each consisting of one Class Ordinary Share and one-sixth of one Redeemable Warrant), Class Ordinary Shares, and Redeemable Warrants, all included as part of units.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on January 16, 2024.
What is the business address of Global Partner Acquisition Corp II?
The business address of Global Partner Acquisition Corp II is 200 Park Avenue, 32nd Floor, New York, NY 10166.
Under which SEC Act is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 2,261 words · 9 min read · ~8 pages · Grade level 19.2 · Accepted 2024-01-17 16:05:16
Key Financial Figures
- $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one-sixth of one redeema
Filing Documents
- ea191716-8k425_global2.htm (8-K) — 42KB
- 0001213900-24-004134.txt ( ) — 266KB
- gpac-20240116.xsd (EX-101.SCH) — 4KB
- gpac-20240116_def.xml (EX-101.DEF) — 27KB
- gpac-20240116_lab.xml (EX-101.LAB) — 37KB
- gpac-20240116_pre.xml (EX-101.PRE) — 25KB
- ea191716-8k425_global2_htm.xml (XML) — 6KB
Forward-Looking Statements
Forward-Looking Statements The information included herein and in any oral statements made in connection herewith include "forward- looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act" and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements, other than statements of present or historical fact included herein, regarding the proposed business combination, GPAC II's and Stardust Power Inc.'s ( "Stardust Power") ability to consummate the transaction, the benefits of the transaction, GPAC II's and Stardust Power's future financial performance following the transaction, as well as GPAC II's and Stardust Power's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on GPAC II's and Stardust Power's management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. GPAC II and Stardust Power caution you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of GPAC II and Stardust Power. These risks include, but are not limited to, (i) the risk that the proposed business combination may not be completed in a timely manner or at all, which may adversely affect the price of GPAC II's securities; (ii) the risk that the proposed business