Stardust Power Secures New Equity Facility for Growth

Stardust Power ( (SDST) ) has issued an update.

On February 12, 2026, Stardust Power Inc. entered into a common stock purchase agreement with B. Riley Principal Capital II, securing an equity facility that allows the company to sell up to $10 million of newly issued common stock over a 36‑month period at its own discretion. The arrangement, announced publicly on February 18, 2026, lets Stardust raise capital incrementally through market‑based pricing mechanisms, subject to Nasdaq exchange caps, ownership limits, and other customary protections.

Under the facility, Stardust can direct B. Riley to purchase shares via defined trading‑day purchase methods, while remaining under no obligation to issue the full amount and preserving flexibility to seek other forms of financing. Net proceeds from any share sales are earmarked for pre‑construction and construction activities at its Oklahoma lithium refinery, long‑term growth initiatives, working capital, and general corporate purposes, potentially strengthening its balance sheet as it advances a key U.S. lithium project.

The most recent analyst rating on (SDST) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Stardust Power stock, see the SDST Stock Forecast page.

Spark’s Take on SDST Stock

According to Spark, TipRanks’ AI Analyst, SDST is a Neutral.

Score is held down primarily by weak financial performance (no revenue, large losses, negative equity, and ongoing cash burn). Offsetting factors include improving technical momentum and a series of positive corporate milestones (permitting, project validation, and financing/leadership steps), but valuation remains challenged due to losses and lack of dividend support.

To see Spark’s full report on SDST stock, click here.

More about Stardust Power

Stardust Power Inc. is an American developer of battery-grade lithium carbonate focused on strengthening U.S. energy security through resilient supply chains. The company is building a lithium refinery in Muskogee, Oklahoma, designed to produce up to 50,000 metric tons of battery-grade lithium carbonate annually and trades on Nasdaq under the ticker SDST.

Positioned within the battery materials and energy transition ecosystem, Stardust Power targets the growing demand from electric vehicle and energy storage markets. The company emphasizes sustainability across its operations and aims to become a strategically important domestic supplier in the U.S. lithium refining segment.

Average Trading Volume: 371,607

Technical Sentiment Signal: Sell

Current Market Cap: $33.75M

Learn more about SDST stock on TipRanks’ Stock Analysis page.