Stardust Power Secures Up to $10M in Equity Financing

Stardust Power has secured up to $10M in common equity financing. The Company has entered into a common stock purchase agreement with B. Riley Principal Capital II, that provides the Company with the ability to raise up to $10M of capital at its discretion over a period of 36 months, subject to customary terms and conditions. Under the Equity Facility, Stardust Power has the right, but not the obligation, to sell shares of its common stock to B. Riley over a three-year period. This structure allows the Company to raise capital incrementally, avoid large block discounts, and align funding activity with its business needs. Proceeds from any sales under the Equity Facility are expected to be used for supporting pre-construction and construction activities, long-term growth objectives, working capital and general corporate purposes. The Equity Facility includes customary safeguards, including ownership limitations, Nasdaq compliance thresholds, and pricing protections, and does not restrict the Company's ability to pursue alternative financing strategies outside of certain defined parameters.