Core Viewpoint - Stardust Power Inc. has announced a public offering of common stock expected to raise approximately $4.3 million to support its operations and working capital [1][3]. Group 1: Offering Details - The offering consists of 21,500,000 shares of common stock priced at $0.20 per share [2]. - Aegis Capital Corp. has been granted a 45-day option to purchase up to 15% additional shares to cover over-allotments [2]. - The transaction is expected to close on or about June 18, 2025, pending customary closing conditions [3]. Group 2: Use of Proceeds - The net proceeds from the offering, along with existing cash, will be used for general corporate purposes and working capital [3]. Group 3: Company Overview - Stardust Power Inc. is focused on developing battery-grade lithium products to enhance America's energy leadership and is building a lithium processing facility in Muskogee, Oklahoma, with a capacity of up to 50,000 metric tons per annum [6].
Stardust Power Inc. Announces Pricing of $4.3 Million Underwritten Public Offering