---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-029844"
form_type: "8-K"
ticker: "SDST"
cik: "0001831979"
company_name: "Stardust Power Inc."
filed_at: "2025-12-31T23:59:59+00:00"
generated_at: "2026-05-16T11:55:23.579714+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Stardust Power secures up to $15M convertible debt facility for Oklahoma lithium refinery

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-029844
- form_type: 8-K
- ticker: SDST
- cik: 0001831979
- company_name: Stardust Power Inc.
- filed_at: 2025-12-31T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831979/000149315225029844/0001493152-25-029844-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831979/000149315225029844/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-029844
- JSON: https://secwatch.observer/filing/0001493152-25-029844.json
- Plain text: https://secwatch.observer/filing/0001493152-25-029844.txt

## Key facts
- Debt Financings
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000149315225029844/0001493152-25-029844-index.htm
- Equity Issuances
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000149315225029844/0001493152-25-029844-index.htm
- Equity Issuances
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000149315225029844/0001493152-25-029844-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000149315225029844/0001493152-25-029844-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.