Brief: Stardust Power To Go Public via $490 mln SPAC deal

Stardust Power

21/11/2023 12:37

Nov 21 (Reuters) - Global Partner Acquisition II Corp
 GPAC.O :
    * STARDUST POWER INC. TO GO PUBLIC THROUGH BUSINESS
COMBINATION
WITH NASDAQ LISTED GLOBAL PARTNER ACQUISITION CORPORATION II
    * GLOBAL PARTNER ACQUISITION II CORP: PRO FORMA IMPLIED
ENTERPRISE
VALUE OF COMBINED COMPANY OF $490 MILLION
    * GLOBAL PARTNER ACQUISITION II - COMBINED ENTITY WILL BE
NAMED
STARDUST POWER INC. AND IS EXPECTED TO BE LISTED ON NASDAQ UNDER
TICKER SYMBOL "SDST."
    * GLOBAL PARTNER ACQUISITION II CORP- TRANSACTION IS
EXPECTED TO
BE COMPLETED DURING FIRST HALF OF 2024
    * GLOBAL PARTNER ACQUISITION II CORP: STARDUST POWER PLANS
TO
CONSTRUCT LITHIUM REFINERY LOCATED IN GREATER TULSA, OKLAHOMA
    * GLOBAL PARTNER ACQUISITION II CORP: STARDUST POWER'S
EXISTING
OWNERS & MANAGEMENT WILL ROLL 100% OF THEIR INTERESTS IN
STARDUST POWER INTO COMBINED CO
    * GLOBAL PARTNER ACQUISITION II CORP - EXISTING STARDUST
POWER
LEADERSHIP TEAM IS EXPECTED TO REMAIN IN PLACE

Source text for Eikon:  ID:nBwbqtYfVa 
Further company coverage:  GPAC.O 

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