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.

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