GPAC to Acquire 08 Industrial Applications and Services

TL;DR

GPAC is buying 08 Industrial Applications and Services, deal expected to close Q3 2024.

AI Summary

Global Partner Acquisition Corp II (GPAC) announced on June 17, 2024, that it has entered into a definitive agreement to acquire 100% of the outstanding equity interests of 08 Industrial Applications and Services. The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.

Why It Matters

This acquisition represents a significant strategic move for Global Partner Acquisition Corp II, potentially diversifying its portfolio and impacting its future revenue streams.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks, including integration challenges and potential failure to achieve expected synergies.

Key Players & Entities

• Global Partner Acquisition Corp II (company) — Registrant
• 08 Industrial Applications and Services (company) — Target company
• June 17, 2024 (date) — Date of earliest event reported
• Third quarter of 2024 (date) — Expected closing period for the acquisition

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

• ea0208067-8k425_global2.htm (8-K) — 56KB
• 0001213900-24-053856.txt ( ) — 281KB
• gpac-20240617.xsd (EX-101.SCH) — 4KB
• gpac-20240617_def.xml (EX-101.DEF) — 27KB
• gpac-20240617_lab.xml (EX-101.LAB) — 37KB
• gpac-20240617_pre.xml (EX-101.PRE) — 25KB
• ea0208067-8k425_global2_htm.xml (XML) — 7KB

forward-looking statements are based on GPAC II's and Stardust Power's management's current expectations and assumptions

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 combination may not be completed by GPAC II's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by GPAC II; (iii) the failure to satisfy the conditions to the consummation of the proposed business combination, including the approval of the proposed business combination by GPAC II's shareholders and Stardust Power's stockholders and the receipt of certain governmental and regulatory approvals; (iv) the effect of the announcement or pendency of the proposed business combination on Stardust Power's business relationships, performance, and business generally; (v) risks that the proposed business combination disrupts current plans of Stardust Power and potential difficulties in Stardust Power's employee retention as a result of the proposed business combination; (vi) the outcome of any legal proceedings that may be instituted against GPAC II or Stardust Power related to the agreement and the proposed business combination; (vii) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination (viii) the ability to maintain the listing of GP

View Full Filing

View this 8-K filing on SEC EDGAR