Stardust Power Induces Warrant Exercise for $3 Million

Stardust Power ( (SDST) ) just unveiled an announcement.

On March 16, 2025, Stardust Power Inc. entered into an agreement with a warrant holder to induce the immediate exercise of existing stock purchase warrants at a reduced price. This agreement allows the holder to purchase 4,792,000 shares at $0.62 per share, down from the original $1.30, and in return, the company will issue new warrants for 9,584,000 shares. The transaction is expected to close on March 18, 2025, bringing in approximately $3 million in proceeds, which will be used for working capital and general corporate purposes. The company has committed to filing a registration statement for the resale of the new warrant shares and has placed restrictions on issuing new shares or entering variable rate transactions for a specified period post-closing. Additionally, Paramita Das will no longer serve as an executive officer following internal restructuring.

More about Stardust Power

YTD Price Performance: -83.11%

Average Trading Volume: 851,499

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $32.73M

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