Core Points - Stardust Power Inc. has successfully closed an underwritten public offering, raising approximately $4.3 million before expenses [1][2] - The offering included 21,500,000 shares of common stock priced at $0.20 per share, with an option for Aegis Capital Corp. to purchase an additional 3,225,000 shares [2][3] - If the over-allotment option is fully exercised, total gross proceeds could reach approximately $4.9 million, which will fund the Definitive Feasibility Study for a lithium processing facility in Muskogee, Oklahoma [3] Company Overview - Stardust Power Inc. is focused on developing battery-grade lithium products to enhance America's energy leadership and build resilient supply chains [6] - The company is establishing a lithium processing facility in Muskogee, Oklahoma, with a projected capacity of producing up to 50,000 metric tons per annum of battery-grade lithium [6] - The company is committed to sustainability throughout its operations [6]
Stardust Power Inc. Announces Closing of $4.3 Million Underwritten Public Offering