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Stardust Power (Global Partner Acquisition II) Priced, Nasdaq: SDST

Blank check company targeting consumer, e-commerce, and retail disruptors (completed 7/8/2024).

Industry: SPAC

First Day Return: +3.0%

Industry: SPAC

We are a newly organized blank check company. We intend to focus our efforts on seeking and completing an initial business combination with a company that has an enterprise value of between $1.0 billion and $3.0 billion, although a target entity with a smaller or larger enterprise value may be considered. While we may pursue an acquisition opportunity in any business industry or sector, we intend to capitalize on the ability of our combined team to identify, acquire and add value to a business following the initial business combination. The industry sectors that we intend to target, many of which are undergoing technology-driven transformation, include consumer, food, branded products, e-commerce and retail disruptors and consumerization of healthcare, as well as certain service sectors and the technology underlying and driving changes across these sectors and related industries. We believe that the characteristics and capabilities of our combined team will make us an attractive partner to potential target businesses, enhance our ability to complete a successful business combination and bring value to the business post-business combination. We believe these capabilities were demonstrated in our combined team’s successful sourcing and completion of GPAC’s merger with Purple Innovation, as well as our significant work with Purple since the closing of the merger.
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IPO Data
IPO File Date 12/21/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 27.5
Deal Size ($mm) $275
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/11/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $275
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Rye Brook, NY, United States
Founded 2020
Employees at IPO 2

Stardust Power (Global Partner Acquisition II) (SDST) Performance