secwatch.observer — SEC 8-K summary
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Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001493152-24-045174
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stardust Power Q3 net loss widens to $10M; cash at $1.6M; zero debt
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- Net loss of $10.0M in Q3 2024, up from $0.8M year-over-year; loss per share $(0.22) vs $(0.02)
- Cash and equivalents $1.6M as of Sept 30, 2024; zero long-term debt
- Cash used in operations $8.5M YTD, vs $1.6M a year ago, driven by public-company expenses and pre-refinery investments
- Appointed Paramita Das as Chief Strategy Officer and Adam Johnson as Chief Commercial Officer
- Entered $50M common stock purchase agreement with B. Riley and 90-day exclusivity with KMX Technologies for lithium brine concentration tech

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000149315224045174/0001493152-24-045174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000149315224045174/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-045174

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