Stardust Power Inc. (SDST): debt financing — Stardust Power secures up to $15M convertible debt facility for Oklahoma lithium refinery

Stardust Power Inc.

Initial $4.0M drawdown under $15M senior secured convertible note with Lind; note $4.8M plus warrant for ~419,162 shares.
Note convertible at $5.837/share; no interest; 20 monthly installments of $240k starting 120 days; repayment in cash or stock at 90% of 5-day VWAP.
Proceeds to advance detailed engineering, infrastructure, procurement for 50,000 metric ton per annum lithium refinery in Muskogee, OK.
Company plans to fund construction via asset-level equity/debt to minimize dilution; facility serves as bridge financing.
Registration statement for resale of repayment and warrant shares to be filed within 45 days.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Stardust Power Inc. incurred convertible notes of $4.8 million with Lind Global Asset Management XIII LLC at does not accrue interest maturing twenty (20) monthly installments of $240,000 commencing one hundred and twenty (120) days from issuance date.

Instrument: convertible notes
Principal: $4.8 million
Counterparty: Lind Global Asset Management XIII LLC
Rate: does not accrue interest
Maturity: twenty (20) monthly installments of $240,000 commencing one hundred and twenty (120) days from issuance date
Event: incurrence

Exact text from the filing

On December 23, 2025, Stardust Power Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with Lind Global Asset Management XIII LLC (“Lind”). Under the SPA, upon closing (which occurred on December 23, 2025), the Company received gross proceeds of approximately $4.0 million in exchange for issuance to Lind of a Senior Secured Convertible Promissory Note in the amount of $4.8 million (the “Note”)

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Stardust Power Inc. issued convertible note to Lind Global Asset Management XIII LLC for gross proceeds of approximately $4.0 million.

Security: convertible note
Purchaser: Lind Global Asset Management XIII LLC
Consideration: gross proceeds of approximately $4.0 million

Exact text from the filing

Under the SPA, upon closing (which occurred on December 23, 2025) , the Company received gross proceeds of approximately $4.0 million in exchange for issuance to Lind of a Senior Secured Convertible Promissory Note in the amount of $4.8 million (the “Note”) and a Common Stock Purchase Warrant (the “Warrant”), for the purchase of approximately 419,162 shares (the “Warrant Shares”).

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Stardust Power Inc. issued approximately 419,162 shares of warrant to Lind Global Asset Management XIII LLC.

Security: warrant
Shares: approximately 419,162 shares
Purchaser: Lind Global Asset Management XIII LLC

Exact text from the filing

Under the SPA, upon closing (which occurred on December 23, 2025) , the Company received gross proceeds of approximately $4.0 million in exchange for issuance to Lind of a Senior Secured Convertible Promissory Note in the amount of $4.8 million (the “Note”) and a Common Stock Purchase Warrant (the “Warrant”), for the purchase of approximately 419,162 shares (the “Warrant Shares”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Stardust Power Inc. entered into Securities Purchase Agreement with Lind Global Asset Management XIII LLC valued at approximately $4.0 million (effective 2025-12-23).

Action: entry
Agreement: equity purchase
Counterparty: Lind Global Asset Management XIII LLC
Value: approximately $4.0 million
Effective: 2025-12-23

Exact text from the filing

On December 23, 2025, Stardust Power Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with Lind Global Asset Management XIII LLC (“Lind”). Under the SPA, upon closing (which occurred on December 23, 2025) , the Company received gross proceeds of approximately $4.0 million

View on SEC.gov

101 debt financings filed in the last 30 days. Browse all debt financings →

Stardust Power Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-029844

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