UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| The Stock Market LLC | ||||
| The Stock Market LLC | ||||
| The |
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Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement or a Registrant.
As previously reported on October 3, 2023, Global Partner Sponsor II LLC (the "Sponsor") determined to make the required payment, including interest thereon, to Global Partner Acquisition Corp II's (the "Company") trust account to provide for the extension of the date by which the Company must complete its initial business combination from September 14, 2023 to October 14, 2023 (the "Extension"). In connection therewith, on October 6, 2023, the Company drew an aggregate of $150,383.33 (the “Extension Funds”), as approved by unanimous director vote during a board of directors meeting, held on October 3, 2023, pursuant to the Promissory Note, dated January 13, 2023 between the Company and the Sponsor (the “Note”), which Extension Funds the Company deposited into the Company’s trust account for its public shareholders. The Extension is the sixth of nine one-month extensions permitted under the Company’s amended and restated memorandum and articles of association and provides the Company with additional time to complete its initial business combination. The Note does not bear interest and matures upon closing of the Company’s initial business combination. In the event that the Company does not consummate a business combination, the Note will be repaid only from amounts remaining outside of the Company’s trust account, if any. Up to $1,750,000 of the total principal amount of the Note may be converted, in whole or in part, at the option of the lender into warrants of the Company at a price of $1.50 per warrant, which warrants will be identical to the private placement warrants issued to Global Partner Sponsor II LLC at the time of the initial public offering of the Company.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 6, 2023
| GLOBAL PARTNER ACQUISITION CORP II | ||
| By: | /s/ Chandra R. Patel | |
| Name: | Chandra R. Patel | |
| Title: | Chief Executive Officer | |
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