Global Partner Acquisition Corp II announced a private placement of a promissory note for principal amount of up to $150,000 on January 13, 2023. The transaction included participation from returning investor Global Partner Sponsor II. The note does not bear interest and matures upon closing of the company's initial 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.