Kirkland Advises Global Partner Acquisition Corporation II on SPAC Merger with Stardust Power

Kirkland & Ellis is advising publicly traded special purpose acquisition company Global Partner Acquisition Corp. II (Nasdaq: GPAC) on its business combination with battery-grade lithium products manufacturer Stardust Power Inc, which will result in Stardust becoming a publicly listed company on Nasdaq under the ticker symbol “SDST.” The pro forma enterprise value of Stardust Power is expected to be $490 million. Stardust’s existing owners and management are rolling all of their interests into the combined company. Stardust Power’s strategy is to become a leading producer of battery grade lithium products in the United States and plans to build a large central refinery in Oklahoma. GPAC II is led by executives of investment firm Antarctica Capital.

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The Kirkland team includes corporate partners Lauren Colasacco, Jennifer Gasser and associates Christian Mahre, Haley Steinman and Josh Jones; capital markets partners Anne Peetz and Peter Seligson and associate Samantha Siegler; and tax partners Benjamin Schreiner, Vivek Ratnam and Rory Minnis.