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Stardust Power is a development stage manufacturer of battery-grade lithium products designed to supply the EV industry and help with the energy transition.
The company’s $9B valuation in an October 2021 deal, one of the biggest mergers at the time, exemplified the profligacy of a near-zero interest rate environment.
November 7, 2023
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The spiked deal comes just over six months after Ares launched Ares Acquisition Corp. II, a $500 million behemoth that’s the largest blank check to price since January 2022.