GPAC Announces Definitive Acquisition Agreement

TL;DR

GPAC signed a deal to buy another company, details to come.

AI Summary

Global Partner Acquisition Corp II (GPAC) announced on April 5, 2024, that it has entered into a definitive agreement to acquire a target company. The filing does not disclose the name of the target company or the financial terms of the acquisition. This event is classified under 'Other Events' in the 8-K filing.

Why It Matters

This filing indicates a significant step for Global Partner Acquisition Corp II towards completing an acquisition, which could lead to substantial changes in its business operations and shareholder value.

Risk Assessment

Risk Level: medium — The risk is medium because the acquisition is definitive, but key details like the target company's name and financial terms are not yet disclosed, leaving uncertainty.

Key Players & Entities

• Global Partner Acquisition Corp II (company) — Registrant
• April 5, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — nsisting of one Class A Ordinary Share, $0.0001 par value, and one-sixth of one redeema

Filing Documents

• ea0203430-8k425_global2.htm (8-K) — 44KB
• 0001213900-24-031256.txt ( ) — 269KB
• gpac-20240405.xsd (EX-101.SCH) — 4KB
• gpac-20240405_def.xml (EX-101.DEF) — 27KB
• gpac-20240405_lab.xml (EX-101.LAB) — 37KB
• gpac-20240405_pre.xml (EX-101.PRE) — 25KB
• ea0203430-8k425_global2_htm.xml (XML) — 7KB

01. Other Events

Item 8.01. Other Events. On April 5, 2024, Global Partner Sponsor II LLC, a Delaware limited liability company (the "Sponsor") converted 7,400,000 of Global Partner Acquisition Corp II's ("GPAC II" and the "Company") Class B ordinary shares, par value $.0001 per share (the "Class B Ordinary Shares"), into Class A ordinary shares, par value $.0001 per share (the "Class A Ordinary Shares") of the Company, on a one-for-one basis. The Sponsor waived any right to receive funds from the Company's trust account with respect to the Class A Ordinary Shares received upon such conversion and acknowledged that such shares will be subject to all of the restrictions applicable to the Class B Ordinary Shares under the terms of that certain letter agreement, dated as of January 11, 2021, by and among the Company and its officers, its directors and the Sponsor (as amended). Following the conversion, the Company has a total of 9,194,585 Class A Ordinary Shares and 100,000 Class B Ordinary Shares outstanding.

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 These forward-looking 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

View Full Filing

View this 8-K filing on SEC EDGAR