Stardust Power to become public through Global Partner Acquisition combination

Stardust Power, a development stage American manufacturer of battery-grade lithium products, and Global Partner Acquisition (GPAC), a publicly traded special purpose acquisition company, or SPAC, announced it has entered into a definitive agreement for a business combination that would result in Stardust Power becoming a publicly listed company on Nasdaq under the new ticker symbol (SDST). The implied pro forma enterprise value of Stardust Power is expected to be $490M. Stardust Power’s existing owners and management will roll 100% of their interests in Stardust Power into the combined company. The existing Stardust Power leadership team is expected to remain in place and will continue to execute the company’s strategy.