barnyarddog
5 months ago
Stardust Power Closes Business Combination and Set to Begin Trading on Nasdaq
July 08 2024 - 4:15PM
Stardust Power Inc. (“Stardust Power” or the “Company”), a development stage American manufacturer of battery-grade lithium products, today announced that it has completed its business combination (the “Business Combination”) with Global Partner Acquisition Corp II (“GPAC II”) (Nasdaq: GPAC; GPACW; GPACU), a publicly traded special purpose acquisition company. GPAC II shareholders approved the business combination at a special meeting held on June 27, 2024. Beginning July 9, 2024, Stardust Power’s shares of Class A common stock and public warrants will trade on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “SDST” and “SDSTW,” respectively.
The Business Combination marks a significant step in Stardust Power’s evolution, propelling the Company into the public markets as a development stage battery-grade lithium manufacturer. As a result of the completed transaction, the Company expects to advance the development and construction of its lithium refinery, planned to be strategically located in Muskogee, Oklahoma. Expected to produce up 50,000 tonnes per annum of battery-grade lithium, Stardust Power is dedicated to becoming a leading U.S. producer of battery-grade lithium, while leveraging proven DLE technologies and planning to power its facility largely using sustainable local sources, including solar and wind power.
“Completing our merger and commencing trading on the Nasdaq is another achievement for Stardust Power. This milestone further improves our ability to execute our business plan allowing Stardust Power to help continue America’s energy leadership,” said Roshan Pujari, Founder and CEO of Stardust Power. “We are excited to continue this momentum as we seek to build resilient American supply chains for critical materials.”
“Antarctica Capital and the GPAC II team are looking forward to continuing our work with Stardust Power as they begin this exciting new chapter,” said Chandra R. Patel, Managing Partner of Antarctica Capital, CEO of GPAC II and now a member of Stardust Power’s Board of Directors. “Stardust Power’s mission as a pioneering American lithium refiner providing increased U.S. energy independence, and its new positioning as a publicly-traded company gives it the platform needed to execute on its vision.”
https://ih.advfn.com/stock-market/NASDAQ/global-partner-acqusitio-GPAC/stock-news/94160490/stardust-power-closes-business-combination-and-set
barnyarddog
5 months ago
domestic lithium refining capacity
....Stardust Power has secured 66 acres in Greater Tulsa, Oklahoma
...The Oklahoma refinery site is shovel ready.
...The proposed new battery-grade lithium refining facility in Greater Tulsa, Oklahoma, is expected to produce 50,000 metric tonnes per year of American battery-grade lithium, supporting the expansion of domestic manufacturing and helping to secure U.S. energy independence by reducing EV supply chain dependence on foreign sources of material.
7 months ago
https://quantisnow.com/insight/stardust-power-inc-to-go-public-through-business-combination-with-nasdaq-listed-global-partner-5097511
https://stardust-power.com/
barnyarddog
6 months ago
About us
Stardust Power Inc. is developing a strategically central, vertically-integrated lithium refinery capable of producing 50,000 tons per annum of battery-grade lithium. Committed to sustainability at each point in the process, the company enjoys a diversified supply of lithium from American brine sources. Stardust is comprised of leading industry, mining and finance experts, supported by a best-in-class advisory board and top technology partners. For more information, visit www.stardust-power.com.
https://www.linkedin.com/company/stardust-power
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