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New Deal


Announced

Stardust Power to go public via a SPAC merger with Global Partner Acquisition in a $490m deal.

Financials

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Transaction Value£392m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

De-SPAC

United States

Chemicals: Diversified

Friendly

Acquisition

chemical manufacturing

Reverse Takeover

Pending

Single Bidder

Synopsis

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Stardust Power, a chemical manufacturing company, agreed to go public via a SPAC merger with Global Partner Acquisition, a special purpose acquisition company, in a $490m deal. “Stardust Power aims to solve one of the largest challenges of the energy transition – reliable access to the critical minerals that will make the transition a reality. Refined lithium is the key component in the lithium-ion batteries which make the proliferation of EVs, and decarbonization of transportation, possible. Domestic production of battery-grade lithium is also a crucial factor to American national security and leadership in the energy transition, which Stardust Power is working to address,” Roshan Pujari, Stardust Power CEO.

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