Stardust Power Inc. Files for IPO
Ticker: SDSTW · Form: S-1 · Filed: Oct 8, 2024 · CIK: 1831979
| Field | Detail |
|---|---|
| Company | Stardust Power Inc. (SDSTW) |
| Form Type | S-1 |
| Filed Date | Oct 8, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $50,000,000, $7.85, $5,000, $2,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ipo, metals, sec-filing
TL;DR
Stardust Power Inc. (formerly Global Partner Acquisition Corp II) is going public via S-1 filing.
AI Summary
Stardust Power Inc. filed an S-1 form on October 8, 2024, indicating its intention to go public. The company, formerly known as Global Partner Acquisition Corp II, is involved in the primary smelting & refining of nonferrous metals. Its business address is in Oklahoma City, OK, and its fiscal year ends on December 31.
Why It Matters
This S-1 filing signals Stardust Power Inc.'s move towards becoming a publicly traded company, which could impact its access to capital and future growth strategies in the metals industry.
Risk Assessment
Risk Level: medium — As a company undergoing an IPO, Stardust Power Inc. faces inherent risks associated with market reception, regulatory scrutiny, and establishing its public market valuation.
Key Players & Entities
- Stardust Power Inc. (company) — Filer of the S-1 document
- Global Partner Acquisition Corp II (company) — Former name of Stardust Power Inc.
- 0001493152-24-040352.txt (document) — Accession number for the filing
- 20241008 (date) — Filing date
- Oklahoma City, OK (location) — Business address
FAQ
What is the primary business of Stardust Power Inc.?
Stardust Power Inc. is primarily involved in the 'PRIMARY SMELTING & REFINING OF NONFERROUS METALS' with SIC code [3330].
When was Stardust Power Inc. formerly known as?
Stardust Power Inc. was formerly known as Global Partner Acquisition Corp II, with a name change date of 20201110.
What is the filing date of this S-1 document?
The S-1 filing was made on 20241008.
Where is Stardust Power Inc. located?
The company's business address is 9112 N. KELLEY AVE, SUITE C, OKLAHOMA CITY, OK 73131.
What is the fiscal year end for Stardust Power Inc.?
Stardust Power Inc.'s fiscal year ends on 1231.
Filing Stats: 4,678 words · 19 min read · ~16 pages · Grade level 15.7 · Accepted 2024-10-08 06:01:06
Key Financial Figures
- $0.0001 — 0,000 shares of common stock, par value $0.0001 per share (the " Common Stock "), of St
- $50,000,000 — ckholder. However, we may receive up to $50,000,000 aggregate gross proceeds (the " Aggrega
- $7.85 — Common Stock as reported by Nasdaq was $7.85. We are an "emerging growth company"
- $5,000 — r Legal Fee Reimbursement Amount" means $5,000 per fiscal quarter the Company has agre
- $2,000,000 — nvestor Group Direct LLC (" AIGD ") for $2,000,000, the Convertible Equity Agreement, date
- $50,000 — d April 30, 2024 with an individual for $50,000, and the Convertible Equity Agreement,
- $25,000 — Legal Fee Reimbursement Amount " means $25,000 reimbursed to the Selling Stockholder f
Filing Documents
- forms-1.htm (S-1) — 4637KB
- ex5-1.htm (EX-5.1) — 23KB
- ex23-1.htm (EX-23.1) — 4KB
- ex23-2.htm (EX-23.2) — 3KB
- ex107.htm (EX-FILING FEES) — 36KB
- forms-1_001.jpg (GRAPHIC) — 8KB
- forms-1_002.jpg (GRAPHIC) — 109KB
- forms-1_003.jpg (GRAPHIC) — 200KB
- forms-1_004.jpg (GRAPHIC) — 117KB
- forms-1_005.jpg (GRAPHIC) — 337KB
- forms-1_006.jpg (GRAPHIC) — 46KB
- forms-1_007.jpg (GRAPHIC) — 25KB
- forms-1_008.jpg (GRAPHIC) — 90KB
- forms-1_009.jpg (GRAPHIC) — 116KB
- forms-1_010.jpg (GRAPHIC) — 70KB
- forms-1_011.jpg (GRAPHIC) — 20KB
- ex5-1_001.jpg (GRAPHIC) — 17KB
- ex5-1_002.jpg (GRAPHIC) — 9KB
- 0001493152-24-040352.txt ( ) — 18893KB
- sdst-20240630.xsd (EX-101.SCH) — 80KB
- sdst-20240630_cal.xml (EX-101.CAL) — 80KB
- sdst-20240630_def.xml (EX-101.DEF) — 641KB
- sdst-20240630_lab.xml (EX-101.LAB) — 574KB
- sdst-20240630_pre.xml (EX-101.PRE) — 612KB
- forms-1_htm.xml (XML) — 2684KB
BUSINESS
BUSINESS 67 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 98 MANAGEMENT 117 EXECUTIVE COMPENSATION 123 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 127 PRINCIPAL STOCKHOLDERS 130 SELLING STOCKHOLDER 131 DESCRIPTION OF SECURITIES 133 SECURITIES ACT RESTRICTIONS ON RESALE OF SECURITIES 143 MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS 144 PLAN OF DISTRIBUTION (CONFLICT OF INTEREST) 148 LEGAL MATTERS 153 EXPERTS 153 WHERE YOU CAN FIND MORE INFORMATION 153 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 153 INDEX TO FINANCIAL STATEMENTS F- 1 i FREQUENTLY USED TERMS As used in this prospectus, unless otherwise noted or the context otherwise requires, references to: "Additional Investor Legal Fee Reimbursement Amount" means $5,000 per fiscal quarter the Company has agreed to reimburse The Selling Stockholder for the reasonable legal fees and disbursements of The Selling Stockholder's legal counsel in connection with quarterly and annual bring-down due diligence investigations and related matters as contemplated by the Purchase Agreement. " Aggregate Commitment Amount " means $50,000,000. " Amended and Restated Registration Rights Agreement " means the amended and restated registration rights agreement, dated July 8, 2024, by and among GPAC II, the Sponsor and certain equity holders of Stardust Power. " Beneficial Stockholder under the Purchase Agreement which, when aggregated with all other shares of Common Stock then beneficially owned by the Selling Stockholder and its affiliates (as calculated pursuant to Section 13(d) of the Exchange Act), and Rule 13d-3 thereunder), would result in the Selling Stockholder beneficially owning more than 4.99% of the outstanding shares of Common Stock. " Business Combin