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General Purpose Acquisition Corp (NASDAQ: GPAC) announced that holders of units from its December 4, 2025 offering may elect to separately trade the Class A ordinary shares and redeemable warrants commencing on or about January 23, 2026. Units not separated will continue trading as GPACU, while separated Class A ordinary shares and warrants will trade under GPAC and GPACW, respectively. No fractional warrants will be issued and only whole warrants will trade. Holders seeking separation must have their brokers contact Continental Stock Transfer & Trust Company, the company's transfer agent. The registration statement for these securities was declared effective by the SEC on December 2, 2025.
Usha Resources (TSXV: USHA) (OTCQB: USHAF) congratulates Stardust Power on its NASDAQ listing, a important step for executing definitive agreements related to the Jackpot Lake Lithium Brine Project. Usha has granted Stardust Power the right to earn up to a 90% interest in the project for US$26,025,000 over five years. The deal includes cash payments, stock issuance, and work commitments. Upon completion, Usha would retain a 10% stake and a 2% NSR. Usha's CEO, Deepak Varshney, emphasized the company's focus shift towards copper and critical metals, highlighting their strong financial position with $1.2M in working capital. Stardust Power aims to develop a lithium refinery in Oklahoma, potentially producing up to 50,000 tons of battery-grade lithium carbonate annually.
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Global Partner Acquisition Corp II (GPAC II) has successfully closed its upsized initial public offering, raising $300 million by selling 30 million units at $10.00 each. The units are now listed on Nasdaq under the symbol GPACU. Each unit comprises one Class A ordinary share, a redeemable warrant, and a contingent right to receive additional warrants. GPAC II, the second SPAC by this management team, aims to pursue mergers in consumer-related sectors, including e-commerce and healthcare, utilizing the APEX SPAC™ structure to enhance growth potential.
Global Partner Acquisition Corp II (GPAC II) has announced the pricing of its initial public offering (IPO) of 27,500,000 units at $10.00 each. The IPO is set to close on January 14, 2021, with trading under the ticker symbol GPACU beginning January 12, 2021. Each unit includes one Class A ordinary share and one-sixth of a redeemable warrant, with potential for additional warrants upon initial business combination. GPAC II aims to focus on sectors such as consumer goods, food, e-commerce, and technology. UBS Securities LLC and RBC Capital Markets, LLC are acting as joint book-running managers.
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