secwatch.observer — SEC 8-K summary
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Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0001493152-24-040332
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stardust Power signs $50M common stock purchase agreement with B. Riley
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- Company may sell up to $50M of new common shares to B. Riley over 36 months at its discretion.
- Issued 63,694 commitment shares valued at $7.85/share based on Oct 4, 2024 closing price.
- Sale price set at VWAP minus 3% discount; subject to 9,569,701 share exchange cap and 4.99% beneficial ownership limit.
- Proceeds intended for working capital and general corporate purposes; no obligation to sell.
- B. Riley agreed not to engage in short sales or hedging of SDST stock during agreement term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000149315224040332/0001493152-24-040332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000149315224040332/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-040332

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