Stardust Power issues 304,878 shares to Lind after default-triggered conversion

Stardust Power Inc.

Lind converted $150,000 of 2025 Convertible Note at $0.492/share on Aug 17, 2026.
Company issued 304,878 common shares on Aug 20, 2026; no cash proceeds received.
Remaining principal under note: $3,430,000; mandatory default amounts may be due.
Market cap below $15M for 10 days triggered event of default, as disclosed in Q2 10-Q.
Outstanding shares now 14,523,933; conversion based on Section 3(a)(9) exemption.

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