Stardust Power Inc. CTO Files 13D
Ticker: SDSTW · Form: SC 13D · Filed: Jul 15, 2024 · CIK: 1831979
| Field | Detail |
|---|---|
| Company | Stardust Power Inc. (SDSTW) |
| Form Type | SC 13D |
| Filed Date | Jul 15, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: insider-filing, ownership-change, corporate-action
TL;DR
**Stardust Power CTO Pablo Cortegoso files 13D, watch this space.**
AI Summary
Pablo Cortegoso, Chief Technical Officer of Stardust Power Inc., filed a Schedule 13D on July 15, 2024, indicating a change in beneficial ownership. The filing relates to Stardust Power Inc. (formerly Global Partner Acquisition Corp II) and its common stock. Cortegoso's address is listed as 6608 N. Western Avenue, Suite 466, Nichols Hills, OK 73116.
Why It Matters
This filing signals a potential shift in control or significant stake acquisition by a key executive, which could influence the company's future direction and stock performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings by insiders can indicate significant strategic moves or changes in control, warranting close monitoring.
Key Players & Entities
- Pablo Cortegoso (person) — Chief Technical Officer and filer
- Stardust Power Inc. (company) — Subject company
- Global Partner Acquisition Corp II (company) — Former name of subject company
FAQ
What is the specific nature of the change in beneficial ownership being reported by Pablo Cortegoso?
The provided text does not specify the exact nature or percentage of the change in beneficial ownership, only that a Schedule 13D filing is required.
When was the event that triggered this Schedule 13D filing?
The date of the event which requires filing of this statement is July 8, 2024.
What was Stardust Power Inc. previously known as?
Stardust Power Inc. was formerly known as Global Partner Acquisition Corp II.
What is Pablo Cortegoso's role within Stardust Power Inc.?
Pablo Cortegoso is the Chief Technical Officer of Stardust Power Inc.
What is the business address of Stardust Power Inc. as listed in the filing?
The business address of Stardust Power Inc. is 9112 N. Kelley Ave, Suite C, Oklahoma City, OK 73131.
Filing Stats: 2,348 words · 9 min read · ~8 pages · Grade level 14.5 · Accepted 2024-07-15 16:15:27
Key Financial Figures
- $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
Filing Documents
- sc13d.htm (SC 13D) — 68KB
- 0001493152-24-027836.txt ( ) — 69KB
From the Filing
SC 13D 1 sc13d.htm UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Stardust Power Inc . (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) 854936101 (CUSIP Number) Pablo Cortegoso Chief Technical Officer Stardust Power Inc. 6608 N. Western Avenue, Suite 466 Nichols Hills, OK 73116 800-742-3095 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 8, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-l(e), 240.13d-l(f) or 240.13d-l(g), check the following box. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. CUSIP NO. 854936101 1. Names of Reporting Persons Pablo Cortegoso 2. Check The Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds OO 5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization United Number of Shares Beneficially Owned By Each Reporting Person With 7. Sole Voting Power 4,602,239 8. Shared Voting Power 0 9. Sole Dispositive Power 4,602,239 10. Shared Dispositive Power 0 11. Aggregate Amount Beneficially Owned by Each Reporting Person 4,602,239 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 9.85%(1) 14. Type of Reporting Person (See Instructions) IN (1) This percentage is calculated based on the 46,736,650 shares of Common Stock outstanding as of the Closing (as defined herein) on July 8, 2024, as reported in the Current Report (as defined herein). Item 1. Security and Issuer This Inc., a Delaware corporation (the “Issuer” or the “Company”), whose principal executive offices are located at 6608 N. Western Ave, Suite 466 Nichols Hills, OK 73116. Prior to the Closing (as defined herein), the Issuer was known as Global Partner Acquisition Corp II (“GPAC II”). Item 2. Identity and Background (a)-(c), (f) (a) This Schedule 13D is filed by Pablo Cortegoso, referred to herein as the “Reporting Person.” (b) The principal business address of the Reporting Person is 15 E. Putnam Ave, #139, Greenwich, CT 06830. (c), (f) The Reporting Person is a citizen of the United States and serves as Chief Technical Officer of the Issuer. (d)-(e) During the last five years, the Reporting Person has not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors). During the last five years, the Reporting Person has not been party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration As previously disclosed by the Issuer, including in the current report on Form 8-K filed by the Issuer with the Securities and Exchange Commission (the “SEC”) on July 12, 2024 (the “Current Report”), on July 8, 2024 (the “Closing Date”), the Issuer consummated the previously announced business combination (the “Closing”) pursuant to the Business Combination Agreement, dated November 21, 2023 (as amended, the “Business Combination Agreement”), by and among GPAC II, Strike Merger Sub I, Inc. a Delaware corporation and direct wholly owned subsidiary of GPAC II (“First Merger Sub”), Strike Merger Sub II, LLC, a Delaware limited liability company and direct wholly owned subsidiary of GPAC II (“Second Merger Sub”), and Stardust Power Inc., a Delaware corporation ( “Stardust Power”), pursuant to which (i) First Merger Sub merged with and into Stardust Power, with Stardust Power being the surviving company in the merger (the “First Merger”) and, (ii) immediately fol