other material
confidence high
sentiment neutral
materiality 0.65
Stardust Power raises $5.75M in public offering of common stock and warrants
Stardust Power Inc.
- Priced 4,792,000 units at $1.20 each (one share + one warrant); gross proceeds $5.75M
- Warrants exercisable at $1.30, immediately exercisable, expire in 5 years
- Proceeds for working capital, general corporate purposes, and to satisfy promissory notes
- A.G.P./Alliance Global Partners acted as sole placement agent; 6% fee
- Lock-up: 45-day on equity issuances, 180-day on ATM/variable rate transactions