Is Stardust power a sustainable company?

Stardust Power is developing a strategically central lithium refinery in Greater Tulsa, Oklahoma capable of producing 50,000 metric tonnes per annum of battery-grade lithium. Committed to sustainability at each point in the process, the company enjoys a diversified supply of lithium from American brine sources.

Will Stardust power be listed on the NASDAQ?

The combined entity will be named Stardust Power Inc. and is expected to be listed on Nasdaq under the ticker symbol “SDST.” Stardust Power aims to address a burgeoning lithium supply shortage, driven by anticipated soaring demand for electric vehicle (EV) battery capacity.

Where is Stardust power based?

Stardust Power Inc. develops battery-grade lithium products designed to supply the electric vehicle (EV) industry. It is developing a central lithium refinery in Muskogee, Oklahoma for producing battery-grade lithium. The company is based in Greenwich, Connecticut. [Read more]

How much lithium does Stardust power produce a year?

Expected to produce up 50,000 tonnes per annum of battery-grade lithium, Stardust Power is dedicated to becoming a leading U.S. producer of battery-grade lithium, while leveraging proven DLE technologies and planning to power its facility largely using sustainable local sources, including solar and wind power.

How much is Stardust power worth?

The implied pro forma enterprise value of Stardust Power is expected to be $490 million. 5 Stardust Power’s existing owners and management will roll 100% of their interests in Stardust Power into the combined company, which reflects the Company’s support for the combination, as well as confidence in the go-forward prospects for the combined entity.

Is Stardust power a GPAC II Stock?

GPAC II shareholders approved the business combination at a special meeting held on June 27, 2024. Beginning July 9, 2024, Stardust Power’s shares of Class A common stock and public warrants will trade on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “SDST” and “SDSTW,” respectively.