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Item 5. Market for Registrant’s Common Equity

2025-03-27 compared with 2024-03-19 · 27 added, 35 removed, 1 unchanged (98% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Market Information

Our units, Class A ordinary shares and redeemable

warrants are each traded on the Nasdaq Capital Market under the symbols “GPACU,” “GPAC” and “GPACW, respectively.

Our units commenced public trading on January 12, 2021, and our Class A ordinary shares and warrants commenced public trading on March

On March 19, 2024, there was one holder of record

of our units, one holder of record of our Class A ordinary shares, one holder of record of our Class B ordinary shares, one holder of

record of our public warrants and one holder of record of our private placement warrants.

We have not paid any cash dividends on our ordinary

shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination.

The payment of cash

dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition

subsequent to completion of our initial business combination.

The payment of any cash dividends subsequent to our initial business combination

will be within the discretion of our board of directors at such time.

In addition, our board of directors is not currently contemplating

and does not anticipate declaring any share dividends in the foreseeable future.

Further, if we incur any indebtedness in connection with

our initial business combination, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection

Securities Authorized for Issuance Under Equity Compensation Plans.

Recent Sales of Unregistered Securities

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

On January 11, 2023, we held the 2023 Extension

Meeting to, in part, to approve the 2023 Extension Amendment Proposal.

In connection with that vote, the holders of 26,068,281 Class A

ordinary shares of the Company properly exercised their right to redeem their shares for an aggregate price of approximately $10.167 per

share, for an aggregate redemption amount of approximately $265,050,166.

After the satisfaction of such redemptions, the balance in our

trust account was approximately $40,425,891.

On January 9,

2024, The Company held the 2024 Extension Meeting to, in part, approve the 2024 Extension Amendment Proposal.

In connection with that

vote, the holders of 2,137,134 Class A ordinary shares of GPAC exercised their right to redeem their shares for cash at a redemption

price of approximately $11.12 per share for an aggregate redemption amount of approximately $23,767,574, resulting in 1,794,585 Class A

ordinary shares remaining outstanding.

After the satisfaction of such redemptions, the balance in our trust account was approximately

Information for Common Stock

Common Stock and Public Warrants have been traded on The Nasdaq Global Select Market under the symbols “SDST” and “SDSTW,”

respectively, since July 8, 2024.

of March 25, 2025, there were approximately 57 holders of record of our Common Stock and 32 holders of record of our Public

Because many of our Public Warrants and shares of Common Stock are held by brokers and other institutions on behalf of

stockholders, we are unable to estimate the total number of beneficial owners of our Common Stock and Public Warrants represented by these record

have never declared or paid cash dividends on our capital stock.

We currently intend to retain all available funds and any future earnings

for use in the operation of our business and do not anticipate paying any dividends on our capital stock in the foreseeable future.

future determination to declare dividends will be made at the discretion of our board of directors, subject to applicable laws, and will

depend on our financial condition, operating results, capital requirements, general business conditions, and other factors that our board

of directors may deem relevant.

Sales of Unregistered Securities

Purchases of Equity Securities

issued shares of common stock related to exercises of unvested stock options, or early exercised stock options.

The shares of common

stock issued in connection with the early exercised stock options are subject to our repurchase right at the original purchase price.

The proceeds are initially recorded as a liability and reclassified to common stock and additional paid-in capital as our repurchase

right lapses.

the year ended December 31, 2024, we repurchased shares related to unvested early exercised stock options due to termination in the below

Shares Repurchased

as Part of Publicly

Announced Plans

Number of Shares Pending Repurchase Pursuant to Publicly Announced Plans or Program

(1) Represents

shares of Common Stock repurchased in connection with the exercise of the Company’s

repurchase right of options upon the termination of certain employees.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity