secwatch.observer — SEC 8-K summary
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Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001493152-24-050326
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stardust Power closes $1.8M note financing, buys OK refinery site, appoints new director
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- $1.8M notes at 15%, maturing Mar 2025; lenders get up to $2.7M in stock (min 360k shares).
- Completed purchase of 66-acre site in Muskogee, OK for $1.7M; received stormwater construction permit.
- Chandra R. Patel resigned/removed from board; Martyn Buttenshaw appointed by Sponsor as director.
- $27M TIF district approved for Muskogee refinery infrastructure; company may claim related cost reductions.
- Construction to begin after project financing; refinery to produce up to 50,000 mtpa battery-grade lithium.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000149315224050326/0001493152-24-050326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000149315224050326/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-050326

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