other_material
confidence high
sentiment positive
materiality 0.40
Stardust Power closes partial over-allotment, raising $220k additional gross proceeds
Stardust Power Inc.
- Underwriter exercised option for 1,100,000 shares at $0.20/share, adding $220k in gross proceeds.
- Total gross proceeds from public offering now approximately $4.52M, before underwriting fees and expenses.
- Proceeds to fund completion of Definitive Feasibility Study for planned 50,000 MT/yr lithium processing facility in Muskogee, OK.
- Aegis Capital Corp. acted as sole book-running manager; offering declared effective by SEC on June 16, 2025.
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