IPO - Stardust Power Inc.

Form Type: 8-K

Filing Date: 2025-01-28

Corporate Action: Ipo

Type: New

Accession Number: 000149315225003908

Filing Summary: On January 27, 2025, Stardust Power Inc. completed a public offering, consisti ng of 4,792,000 shares of common stock and corresponding warrants to purchase up to 4,792,000 shares at a combined public offering price of $1.20. This transaction generated approximately $5.75 million in gross proceeds, intended for general corporate purposes and to meet certain debts. The common warrants have an exercise price of $1.30 per share and are set to expire five years from their issuance. The shares and warrants were issued under an effective Registration Statement on Form S-1 filed with the SEC. Additionally, the company entered into both a Securities Purchase Agreement and a Placement Agency Agreement on January 23, 2025, outlining restrictions on further issuances of securities for specific timeframes.

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Form Type: CORRESP

Filing Date: 2025-01-22

Corporate Action: Ipo

Type: New

Accession Number: 000149315225003256

Filing Summary: Stardust Power Inc. has submitted a request for acceleration of the effectiveness date of its Registration Statement on Form S-1, originally filed on January 15, 2025, under File No. 333-284298. The company seeks to have the registration become effective by 5:00 p.m. Eastern Time on January 23, 2025. The request indicates the intention to expedite the IPO process for Stardust Power Inc., and further communication should be directed to Faith Charles of Thompson Hine LLP for updates once the Registration Statement is effective.

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Form Type: S-1

Filing Date: 2025-01-15

Corporate Action: Ipo

Type: New

Accession Number: 000149315225002368

Filing Summary: Stardust Power Inc. filed an S-1 registration statement for an initial public offering (IPO). The filing outlines key financial data, including revenue, expenses, and net income for the past three fiscal years, indicating growth and operational efficiency in its energy generation segment. The document includes detailed descriptions of the company's business model, target market, competitive landscape, and future growth strategies. The company plans to use proceeds from the offering to enhance its capital structure, invest in renewable energy projects, and expand its operational capacity. There is a risk factor section highlighting potential challenges such as regulatory changes, market competition, and economic downturns which may impact the company's performance. The current financial position shows robust revenue growth and a strategic focus on sustainable energy solutions, appealing to environmentally conscious investors.

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Form Type: DRS

Filing Date: 2024-12-30

Corporate Action: Ipo

Type: New

Accession Number: 000149315224052322

Filing Summary: Stardust Power Inc. filed a draft registration statement (Form S-1) under the Securities Act of 1933 on December 27, 2024, with the Securities and Exchange Commission. The document pertains to a proposed initial public offering (IPO) of shares of common stock and warrants. The company plans to offer up to an unspecified number of shares of its common stock and various types of warrants, including Pre-Funded Warrants and Common Warrants. The offering is being made on a 'reasonable best efforts' basis, and the public offering price is to be determined at the time of pricing. The registration statement allows for the delayed or continuous offering of the securities. In addition, the document outlines the engagement of A.G.P./Alliance Global Partners as the placement agent for the offering and details about the structure and terms of the securities being offered, which include various risks involved in investing. The process includes an arrangement for a securities purchase agreement between the company and investors, and the closing of the offering is expected to be contingent upon the fulfillment of specific conditions. Furthermore, Stardust Power is classified as an emerging growth company and has disclosed its business combination agreement with GPAC II dated November 21, 2023.

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