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SEC Comment Letter 0000000000-24-005196 to Stardust Power Inc. (SDST)

Stardust Power Inc.
Date: May 7, 2024 · CIK: 0001831979 · Accession: 0000000000-24-005196

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File numbers found in text: 333-276510

Date
May 7, 2024
Author
Chandra R. Patel
Form
UPLOAD
Company
Stardust Power Inc.

Letter

United States securities and exchange commission logo May 7, 2024 Chandra R. Patel Chief Executive Officer Global Partner Acquisition Corp II 200 Park Avenue, 32nd Floor New York , New York 10166 Re:Global Partner Acquisition Corp II Amendment No. 3 to Registration Statement on Form S-4 Filed May 7, 2024 File No. 333-276510 Dear Chandra R. Patel: We have reviewed your amended registration statement and have the following comments. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Form S-4/A Filed May 7, 2024 Cover Page 1.We note your disclosure in a risk factor on pages 93-94 that Nasdaq may delist the combined company’s securities and specifically that you have been granted an extension until June 3, 2024 to regain compliance with Nasdaq IM-5101-2 as well as Nasdaq Listing Rule 5620(a). We also note your disclosure here that your plans to regain compliance require holding the shareholder meeting to approve the Business Combination and completing the business combination. Given that parties to the stockholder approval condition set forth in the Business Combination Agreement may be waived by the applicable parties, please revise your disclosure on the Cover Page and in the Summary of the Proxy Statement/Prospectus to discuss your potential delisting from Nasdaq, including with reference to the June 3, 2024 deadline to regain compliance and to your plans to hold the shareholder meeting and complete the business combination in order to regain compliance. Please also include a cross-reference to your more detailed discussion in the

FirstName LastNameChandra R. Patel Comapany NameGlobal Partner Acquisition Corp II May 7, 2024 Page 2 FirstName LastName Chandra R. Patel Global Partner Acquisition Corp II May 7, 2024 Page 2 risk factor section. Business of Stardust Power Technology and Engineering Hatch Contract, page 277 2.We note your revised disclosure that Hatch has completed the front-end loading study or Scoping Study as of April 17, 2024. We also note your disclosure that "[t]he study confirmed, on a preliminary level, that the development of the Facility remains viable, based on certain assumptions made by Hatch." Please revise your disclosure to discuss the material assumptions Hatch made that served as a basis for the study. Please contact Nudrat Salik at 202-551-3692 or Michael Fay at 202-551-3812 if you have questions regarding comments on the financial statements and related matters. Please contact Jessica Ansart at 202-551-4511 or Lauren Nguyen at 202-551-3642 with any other questions. Sincerely, Division of Corporation Finance Office of Industrial Applications and Services cc: Julian Seiguer

Show Raw Text
United States securities and exchange commission logo
May 7, 2024
Chandra R. Patel
Chief Executive Officer
Global Partner Acquisition Corp II
200 Park Avenue, 32nd Floor
New York , New York 10166
Re:Global Partner Acquisition Corp II
Amendment No. 3 to Registration Statement on Form S-4
Filed May 7, 2024
File No. 333-276510
Dear Chandra R. Patel:
            We have reviewed your amended registration statement and have the following
comments.
            Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
            After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments.
Form S-4/A Filed May 7, 2024
Cover Page
1.We note your disclosure in a risk factor on pages 93-94 that Nasdaq may delist the
combined company’s securities and specifically that you have been granted an extension
until June 3, 2024 to regain compliance with Nasdaq IM-5101-2 as well as Nasdaq Listing
Rule 5620(a). We also note your disclosure here that your plans to regain compliance
require holding the shareholder meeting to approve the Business Combination and
completing the business combination. Given that parties to the stockholder approval
condition set forth in the Business Combination Agreement may be waived by the
applicable parties, please revise your disclosure on the Cover Page and in the Summary of
the Proxy Statement/Prospectus to discuss your potential delisting from Nasdaq, including
with reference to the June 3, 2024 deadline to regain compliance and to your plans to hold
the shareholder meeting and complete the business combination in order to regain
compliance. Please also include a cross-reference to your more detailed discussion in the

 FirstName LastNameChandra R.  Patel
 Comapany NameGlobal Partner Acquisition Corp II
 May 7, 2024 Page 2
 FirstName LastName
Chandra R.  Patel
Global Partner Acquisition Corp II
May 7, 2024
Page 2
risk factor section.
Business of Stardust Power
Technology and Engineering
Hatch Contract, page 277
2.We note your revised disclosure that Hatch has completed the front-end loading study or
Scoping Study as of April 17, 2024. We also note your disclosure that "[t]he study
confirmed, on a preliminary level, that the development of the Facility remains viable,
based on certain assumptions made by Hatch." Please revise your disclosure to discuss the
material assumptions Hatch made that served as a basis for the study.
            Please contact Nudrat Salik at 202-551-3692 or Michael Fay at 202-551-3812 if you have
questions regarding comments on the financial statements and related matters. Please contact
Jessica Ansart at 202-551-4511 or Lauren Nguyen at 202-551-3642 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Industrial Applications and
Services
cc:       Julian Seiguer