secwatch.observer — SEC 8-K summary
======================================

Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2026-08-21T21:15:33+00:00
Accession:  0001493152-26-039723
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000149315226039723/0001493152-26-039723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000149315226039723/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-039723

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer