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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Stardust Power Inc. terminated Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC valued at termination of agreements; make-whole payment of $471,942.90 (effective 2025-12-11).

Action: termination
Agreement: equity purchase
Counterparty: B. Riley Principal Capital II, LLC
Value: termination of agreements; make-whole payment of $471,942.90
Effective: 2025-12-11

Exact text from the filing

On December 11, 2025, Stardust Power Inc. (the “ Company ”) and B. Riley Principal Capital II, LLC (the “ Investor ”) entered into a letter agreement pursuant to which the parties mutually agreed to terminate, effective as of 4:30 p.m., New York City time, on December 11, 2025 (the “ Termination Effective Time ”), that certain Common Stock Purchase Agreement, dated October 7, 2024, as amended, and the related Registration Rights Agreement, dated October 7, 2024 (collectively, the “ Agreements ”)

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Stardust Power Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-028194

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