M&A - Stardust Power Inc.

Form Type: 10-K

Filing Date: 2025-03-27

Corporate Action: Merger

Type: New

Accession Number: 000164117225000969

Filing Summary: Stardust Power Inc., after completing a business combination with Global Partner Acquisition Corp II on July 8, 2024, has provided a detailed annual report for the fiscal year ending December 31, 2024. The business combination involved the merger of Legacy Stardust Power with GPAC II's merger subsidiaries. Following the completion, Legacy Stardust Power was renamed Stardust Power Operating Inc., and the newly formed entity maintains the title Stardust Power Inc. This merger positions Stardust Power as a significant player in the lithium market and aligns with its plans for a lithium refinery in Muskogee, Oklahoma. The report discusses financial conditions, results of operations, risk factors, corporate governance, and future outlook focusing on the operations of the merged entity. Additionally, the entities involved in the merger, business strategies, and governance structure post-merger are highlighted.