secwatch.observer — SEC 8-K summary
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Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2025-12-31T23:59:59+00:00
Accession:  0001493152-25-029844
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000149315225029844/0001493152-25-029844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000149315225029844/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-029844

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