other_material
confidence high
sentiment neutral
materiality 0.50
Stardust Power terminates equity purchase agreement with B. Riley; $471,942 make-whole payment
Stardust Power Inc.
- Mutual termination effective Dec 11, 2025 of Common Stock Purchase Agreement dated Oct 7, 2024 with B. Riley Principal Capital II.
- Make-whole payment of $471,942.90 in three parts: restricted stock at $4.40/share, cash upon next financing, or via future B. Riley facility.
- Termination provides greater flexibility for non-dilutive financing; company maintains constructive relationship with B. Riley.
item 1.02item 9.01