Stardust Power Inc. Files 8-K for Definitive Agreement & Equity Sales
Ticker: SDSTW · Form: 8-K · Filed: Dec 12, 2024 · CIK: 1831979
| Field | Detail |
|---|---|
| Company | Stardust Power Inc. (SDSTW) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $1,750,000, b, $3,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, equity-sale, financial-obligation
Related Tickers: SDST
TL;DR
Stardust Power inked a deal & sold stock on Dec 6th. Watch this space.
AI Summary
Stardust Power Inc. entered into a material definitive agreement on December 6, 2024, related to the creation of a direct financial obligation. The company also reported unregistered sales of equity securities on the same date. Stardust Power Inc. was formerly known as Global Partner Acquisition Corp II until November 10, 2020.
Why It Matters
This filing indicates Stardust Power Inc. has entered into a significant financial agreement and has issued new equity, which could impact its financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing details a material definitive agreement and unregistered sales of equity, which can introduce financial obligations and dilution risks.
Key Players & Entities
- Stardust Power Inc. (company) — Registrant
- Global Partner Acquisition Corp II (company) — Former company name
- November 10, 2020 (date) — Date of name change
- December 6, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Stardust Power Inc. enter into?
The filing states that Stardust Power Inc. entered into a material definitive agreement, but the specific details of the agreement are not provided in this summary.
What was the previous name of Stardust Power Inc.?
Stardust Power Inc. was formerly known as Global Partner Acquisition Corp II.
When did the company change its name?
The company changed its name on November 10, 2020.
What are the main items reported in this 8-K filing?
The filing reports an entry into a material definitive agreement, the creation of a direct financial obligation, and unregistered sales of equity securities.
What is the earliest event date reported in this filing?
The earliest event date reported in this filing is December 6, 2024.
Filing Stats: 813 words · 3 min read · ~3 pages · Grade level 13.3 · Accepted 2024-12-12 17:10:25
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
- $1,750,000, b — ") in the aggregate principal amount of $1,750,000, bearing interest at a rate of 15% per yea
- $3,500,000 — ompany has agreed to issue to Endurance $3,500,000 in Common Stock on the earlier to occur
Filing Documents
- form8-k.htm (8-K) — 44KB
- 0001493152-24-049821.txt ( ) — 268KB
- sdst-20241206.xsd (EX-101.SCH) — 4KB
- sdst-20241206_def.xml (EX-101.DEF) — 29KB
- sdst-20241206_lab.xml (EX-101.LAB) — 36KB
- sdst-20241206_pre.xml (EX-101.PRE) — 27KB
- form8-k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES 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. Stardust Power Inc. Dated: December 12, 2024 By: /s/ Roshan Pujari Name: Roshan Pujari Title: Chief Executive Officer 3