Business Context and Reporting Period
This Form 8-K was filed on September 29, 2023, by Global Partner Acquisition Corp II, a Cayman Islands exempted company and special purpose acquisition company. The filing concerns the timing of the final trading date for its publicly traded shares, units, and warrants and the planned redemption of its Class A ordinary shares.
The provided metadata identifies Stardust Power Inc.; however, the filing text identifies the registrant as Global Partner Acquisition Corp II.
Key Financial and Capital Markets Information
- The company expects to redeem all outstanding Class A ordinary shares following the final trading day.
- The revised expected last day of trading is on or about October 2 or October 3, 2023, rather than September 28 or September 29.
- The company expects to retain $100,000 of interest from its trust account to fund dissolution expenses.
- The expected per-share redemption price is approximately $10.815.
- The filing does not provide revenue, profit, operating cash flow, margin, debt, or broader liquidity metrics.
Material Changes Versus the Prior Comparable Period
No operating or period-over-period financial comparison is provided. Relative to the company’s prior announcement dated September 27, 2023, the expected final trading date was delayed from September 28 or September 29 to October 2 or October 3, 2023.
Outlook, Risks, Contingencies, and Unusual Items
- The company expects to redeem the Class A ordinary shares on or about the first business day following the final trading day.
- The redemption price is an estimate and may differ from the stated approximately $10.815 per share.
- The company’s planned retention of $100,000 from trust-account interest is intended to cover dissolution expenses.
- The filing contains forward-looking statements regarding the trading timetable, redemption, trust-account proceeds, and dissolution expenses. Actual results may differ because of risks and uncertainties, and the company disclaims an obligation to update these statements.
Important Facts for Investors to Verify
- Confirm the actual final trading date for the public shares, units, and warrants.
- Confirm the final redemption price per Class A ordinary share and the timing of payment.
- Verify the amount retained from the trust account and the company’s final dissolution expenses.
- Determine whether the planned redemption and dissolution were completed as described.
- Reconcile the filing’s registrant, Global Partner Acquisition Corp II, with any reference to Stardust Power Inc.