Stardust Power Inc. Reports Material Agreements & Officer Changes
Ticker: SDSTW · Form: 8-K · Filed: Jan 7, 2025 · CIK: 1831979
| Field | Detail |
|---|---|
| Company | Stardust Power Inc. (SDSTW) |
| Form Type | 8-K |
| Filed Date | Jan 7, 2025 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.0001, $11.50, $550,000, $350,000, $1,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, officer-changes
TL;DR
Stardust Power inked a material deal, sold equity, and shuffled execs/directors as of year-end 2024.
AI Summary
Stardust Power Inc. filed an 8-K on January 7, 2025, reporting on events as of December 31, 2024. The filing indicates a material definitive agreement, unregistered sales of equity securities, and changes in directors and officers, including compensatory arrangements. It also includes financial statements and exhibits.
Why It Matters
This filing signals significant corporate actions, including potential new agreements and changes in leadership, which could impact the company's strategic direction and financial performance.
Risk Assessment
Risk Level: medium — The filing mentions unregistered sales of equity and changes in officers/directors, which can introduce uncertainty and potential risks.
Key Players & Entities
- Stardust Power Inc. (company) — Filer of the 8-K report
- December 31, 2024 (date) — Date of earliest event reported
- January 7, 2025 (date) — Filing date of the 8-K
FAQ
What is the nature of the material definitive agreement entered into by Stardust Power Inc.?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the excerpt.
What were the details of the unregistered sales of equity securities?
The filing notes unregistered sales of equity securities, but the specific terms, amounts, and parties involved are not detailed in the provided text.
Were there any changes in Stardust Power Inc.'s board of directors or executive officers?
Yes, the filing reports on the departure of directors or certain officers, the election of directors, and the appointment of certain officers.
What is the SIC code for Stardust Power Inc.?
The Standard Industrial Classification (SIC) code for Stardust Power Inc. is 3330, which corresponds to Primary Smelting & Refining of Nonferrous Metals.
When did Stardust Power Inc. change its name from Global Partner Acquisition Corp II?
Stardust Power Inc. changed its name from Global Partner Acquisition Corp II on November 10, 2020.
Filing Stats: 2,211 words · 9 min read · ~7 pages · Grade level 11.7 · Accepted 2025-01-07 08:00:29
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
- $550,000 — y securities for an aggregate amount of $550,000 (the "Placement"). The Company and each
- $350,000 — es for an initial annual base salary of $350,000. The Celano Agreement also contains a c
- $1,500,000 — centive Plan with a grant date value of $1,500,000. In connection with the appointment o
- $250,000 — an in the aggregate principal amount of $250,000. The loan bears interest at a rate of 1
- $500,000 — es for an initial annual base salary of $500,000. The Das Agreement also contains a cust
Filing Documents
- form8-k.htm (8-K) — 71KB
- ex10-1.htm (EX-10.1) — 155KB
- ex10-2.htm (EX-10.2) — 145KB
- ex99-1.htm (EX-99.1) — 18KB
- ex10-1_001.jpg (GRAPHIC) — 1KB
- ex99-1_001.jpg (GRAPHIC) — 28KB
- 0001493152-25-001118.txt ( ) — 723KB
- sdst-20241231.xsd (EX-101.SCH) — 4KB
- sdst-20241231_def.xml (EX-101.DEF) — 29KB
- sdst-20241231_lab.xml (EX-101.LAB) — 36KB
- sdst-20241231_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: January 7, 2025 By: /s/ Roshan Pujari Name: Roshan Pujari Title: Chief Executive Officer 4