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Stardust Power, an American manufacturer of battery-grade lithium products, will ring the opening bell at the Nasdaq Market on July 11, 2024, to celebrate its public listing.
This follows the company's recent merger with Global Partner Acquisition Corp II. Stardust Power's shares and public warrants commenced trading on Nasdaq on July 9, 2024, under the ticker symbols 'SDST' and 'SDSTW', respectively.
Founder and CEO Roshan Pujari highlighted the company's mission to lead in U.S. battery-grade lithium production, emphasizing the importance of domestic lithium supply for national security. The company expects eligibility for up to $257 million in state incentives for its Oklahoma facility and potential federal incentives.
Stardust Power has completed its business combination with Global Partner Acquisition Corp II and will commence trading on Nasdaq under the ticker symbol “SDST” starting July 9, 2024. The shareholders of GPAC II approved this combination in a special meeting on June 27, 2024. Stardust Power, a development-stage American manufacturer of battery-grade lithium products, aims to advance the development of its lithium refinery in Muskogee, Oklahoma, expected to produce up to 50,000 tonnes per annum. The facility intends to use sustainable power sources like solar and wind. This milestone is seen as a significant step towards enhancing America’s energy leadership and building resilient supply chains for critical materials.
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