Stardust Power Inc. Signs Material Definitive Agreement
Ticker: SDSTW · Form: 8-K · Filed: Jan 28, 2025 · CIK: 1831979
| Field | Detail |
|---|---|
| Company | Stardust Power Inc. (SDSTW) |
| Form Type | 8-K |
| Filed Date | Jan 28, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.0001, $11.50, $1.20, $5.75 m, $1.30 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, corporate-action
Related Tickers: SDST
TL;DR
Stardust Power Inc. inked a big deal on Jan 23rd, filing an 8-K.
AI Summary
Stardust Power Inc. entered into a material definitive agreement on January 23, 2025. The company, formerly known as Global Partner Acquisition Corp II, is involved in the primary smelting & refining of nonferrous metals. The filing also indicates other events and includes financial statements and exhibits.
Why It Matters
This filing signifies a significant contractual development for Stardust Power Inc., potentially impacting its operations and future financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.
Key Numbers
- 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)
Key Players & Entities
- Stardust Power Inc. (company) — Registrant
- Global Partner Acquisition Corp II (company) — Former company name
- January 23, 2025 (date) — Date of earliest event reported
- 001-39875 (other) — SEC File Number
FAQ
What type of material definitive agreement did Stardust Power Inc. enter into?
The filing indicates the entry into a material definitive agreement on January 23, 2025, but the specific details of the agreement are not provided in this excerpt.
When was Stardust Power Inc. formerly known as Global Partner Acquisition Corp II?
The date of the name change from Global Partner Acquisition Corp II to Stardust Power Inc. is not explicitly stated in this excerpt, only that it was the former name.
What is Stardust Power Inc.'s Standard Industrial Classification (SIC) code?
Stardust Power Inc.'s SIC code is 3330, which corresponds to Primary Smelting & Refining of Nonferrous Metals.
What is the business address of Stardust Power Inc.?
The business address of Stardust Power Inc. is 9112 N. KELLEY AVE, SUITE C, OKLAHOMA CITY, OK 73131.
What is the earliest event date reported in this 8-K filing?
The earliest event date reported in this 8-K filing is January 23, 2025.
Filing Stats: 1,638 words · 7 min read · ~5 pages · Grade level 12.7 · Accepted 2025-01-28 07:00:38
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
- $1.20 — at a combined public offering price of $1.20. The Company received aggregate gross
- $5.75 m — eeds from the Offering of approximately $5.75 million, before deducting placement agent
- $1.30 — Common Warrant has an exercise price of $1.30 per share, is immediately exercisable a
- $2.50 — rice per share equal to or greater than $2.50. 2 The foregoing does not purport t
- $50,000 — e Placement Agent up to an aggregate of $50,000 for accountable legal fees, other reaso
Filing Documents
- form8-k.htm (8-K) — 61KB
- ex4-1.htm (EX-4.1) — 115KB
- ex10-1.htm (EX-10.1) — 359KB
- ex10-2.htm (EX-10.2) — 79KB
- ex99-1.htm (EX-99.1) — 17KB
- 0001493152-25-003908.txt ( ) — 959KB
- sdst-20250123.xsd (EX-101.SCH) — 4KB
- sdst-20250123_def.xml (EX-101.DEF) — 26KB
- sdst-20250123_lab.xml (EX-101.LAB) — 36KB
- sdst-20250123_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
01
Item 8.01. Other Events The Company issued a press release announcing the pricing of the Offering on January 24, 2025. A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated by reference herein, except for the quote of Roshan Pujari contained in paragraph 2 of the press release. Item 9.01. Financial (d) Exhibits. Exhibit Number Description 4.1 Form of Common Warrant 10.1 Securities Purchase Agreement, dated as of January 23, 2025, by and among Stardust Power Inc. and that certain investor 10.2 Placement Agency Agreement, dated as of January 23, 2025, by and among Stardust Power Inc. and the Placement Agent. 99.1 Press release dated January 24, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3
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 28, 2025 By: /s/ Roshan Pujari Name: Roshan Pujari Title: Chief Executive Officer 4