Stardust Power Closes $4.3 Million Public Share Offering

MT Newswires Live

2025/06/18

Stardust Power (SDST) said Wednesday that it has closed its previously announced underwritten public offering of 21.5 million common shares at $0.20 apiece, raising about $4.3 million.

The company granted Aegis Capital a 45-day option to purchase up to 3.2 million additional shares to cover over-allotments, if any.

Stardust Power said it expects to use the proceeds to complete the definitive feasibility study for its planned lithium processing facility in Oklahoma.

Shares of Stardust Power were up more than 5% in recent Wednesday trading.

Price: 0.19, Change: +0.01, Percent Change: +4.73

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