Stardust Power raises ~$3M via warrant exercise inducement, issues new warrants for 9.6M shares

Stardust Power Inc.

Exercising holder exercises 4.79M existing warrants at reduced price of $0.62/share; gross proceeds ~$3M.
Company issues new Inducement Warrants for 9.58M shares at $0.70 exercise price, exercisable after shareholder approval.
New warrants are private placement, not registered; resale registration statement to be filed within 45 days.
Paramita Das, Chief Strategy Officer, ceases to be an executive officer effective March 16, 2025, retains title.
A.G.P./Alliance Global Partners acted as exclusive financial advisor.

item 1.01 item 3.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Paramita Das

Chief Strategy Officer and Senior Advisor to the Chief Executive Officer

SDST · Stardust Power Inc.

Effective: 2025-03-16
Filed: March 17, 2025, 7:59 PM ET

Effective March 16, 2025, as a result of restructuring certain internal reporting lines and responsibilities, Paramita Das, Chief Strategy Officer and Senior Advisor to the Chief Executive Officer, will no longer be an executive officer of the Company or an officer for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paramita Das changed role as Chief Strategy Officer and Senior Advisor to the Chief Executive Officer at Stardust Power Inc..

Action: will no longer be an executive officer
Role: Chief Strategy Officer and Senior Advisor to the Chief Executive Officer

Exact text from the filing

Effective March 16, 2025, as a result of restructuring certain internal reporting lines and responsibilities, Paramita Das, Chief Strategy Officer and Senior Advisor to the Chief Executive Officer, will no longer be an executive officer of the Company or an officer for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

View on SEC.gov

Stardust Power Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-010486

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