Stardust Power (SDST) has announced the details of its public offering, wherein it aims to sell up to 4,792,000 shares of common stock alongside warrants for an equal number of shares. Each unit, consisting of a share and a warrant, is set at a price of $1.20. The company anticipates raising approximately $5.75 million in gross proceeds from this offering. The warrants come with an exercise price pegged at $1.30 per share, and the transaction is scheduled to conclude around January 27, 2025.
"The infusion of capital will ensure stability, allowing us to continue advancing our business strategy," stated Roshan Pujari, CEO of Stardust Power.
