Global Partner Acquisition II in an 8-K said tomorrow’s shareholder meeting to vote on an extension also includes a proposal to covert 7.33 million founder shares into Class A shares. The SPAC intends to enter into additional non-redemption agreements.
If the extension is approved, Global Partner II would have until July 14 to close a deal.
The SPAC had announced liqidation plans in September, but reversed course less than a month later with the announcement of a merger agreement with Stardust Power, a development stage US manufacturer of battery-grade lithium products. The deal has a pro forma implied enterprise value of $490 million for the combined company. Read more.
