Stardust Power enters $1.8M promissory notes at 15% interest, pledges 3.4M founder shares

Stardust Power Inc.

Aggregate $1.8M promissory notes issued Dec 13, 2024 to multiple lenders.
Interest rate 15% per year, maturity March 13, 2025.
Proceeds used for general corporate and working capital purposes.
Collateral includes ~3.4M shares of common stock owned by founders.
Additional commitment to issue $2.7M in common stock (min 360,000 shares) upon private placement or maturity.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.