STOCK TITAN

[424B3] Stardust Power Inc. Prospectus Filed Pursuant to Rule 424(b)(3)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
424B3

Stardust Power Inc. filed a prospectus supplement for a resale registration covering up to 5,519,087 shares of common stock and up to 5,566,667 warrants. Sales may be made from time to time by selling securityholders; the company will not receive proceeds from these resales, and would receive cash only if warrants are exercised.

The common stock registered for resale represents approximately 91.74% of shares outstanding as of April 28, 2025; assuming all warrants are exercised, this rises to 93.15%. On October 20, 2025, the stock closed at $5.27 and the warrants at $0.151. The company’s Nasdaq symbols are SDST (common) and SDSTW (warrants). The warrant terms disclosed indicate each lot of 10 warrants is exercisable for one share at an exercise price of $115.00.

The supplement includes an attached Form 8‑K announcing a non‑binding letter of intent with Prairie Lithium for 6,000 metric tons per annum of LCE in lithium chloride, with initial deliveries as early as 2027 and an initial six‑year term plus two six‑year extension options, subject to a definitive agreement.

Stardust Power Inc. ha depositato un supplemento di prospetto per una registrazione di rivendita che copre fino a 5.519.087 azioni ordinarie e fino a 5.566.667 warrants. Le vendite possono essere effettuate di tanto in tanto dagli azionisti venditori; la società non riceverà proventi da queste rivendite, e riceverà denaro solo se i warrant verranno esercitati.

Le azioni ordinarie registrate per la rivendita rappresentano circa 91,74% delle azioni in circolazione al 28 aprile 2025; presumendo che tutti i warrant vengano esercitati, questa percentuale salirà a 93,15%. Il 20 ottobre 2025, il titolo ha chiuso a $5,27 e i warrant a $0,151. I simboli Nasdaq della società sono SDST (ordinario) e SDSTW (warrant). I termini dei warrant indicati prevedono che ogni lotto di 10 warrant possa essere esercitato per una azione a un prezzo di esercizio di $115,00.

Il supplemento include un modulo allegato 8‑K che annuncia una lettera di intenti non vincolante con Prairie Lithium per 6.000 metric tons per annum di LCE in cloruro di litio, con consegne iniziali già nel 2027 e un termine iniziale di sei anni più due opzioni di estensione di sei anni ciascuna, subordinate a un accordo definitivo.

Stardust Power Inc. ha presentado un suplemento del prospecto para un registro de reventa que cubre hasta 5.519.087 acciones ordinarias y hasta 5.566.667 warrants. Las ventas pueden realizarse de vez en cuando por accionistas vendedores; la empresa no recibirá ingresos de estas reventas, y solo recibiría efectivo si se ejercen los warrants.

Las acciones ordinarias registradas para la reventa representan aproximadamente el 91,74% de las acciones en circulación al 28 de abril de 2025; asumiendo que se ejerciten todos los warrants, esto sube a 93,15%. El 20 de octubre de 2025, la acción cerró en $5,27 y los warrants en $0,151. Los símbolos de Nasdaq de la empresa son SDST (ordinarias) y SDSTW (warrants). Los términos de los warrants divulgados indican que cada lote de 10 warrants es exercible por una acción a un precio de ejercicio de $115,00.

El suplemento incluye un Formulario 8‑K adjunto que anuncia una carta de intenciones no vinculante con Prairie Lithium por 6.000 toneladas métricas por año de LCE en cloruro de litio, con entregas iniciales tan pronto como 2027 y un plazo inicial de seis años más dos opciones de extensión de seis años, sujeto a un acuerdo definitivo.

Stardust Power Inc. 는 재매각 등록에 대한 증권설명서 보충서를 제출했으며, 그 범위는 최대 5,519,087주의 보통주와 최대 5,566,667주워런트를 포함합니다. 매각은 판매 보유자에 의해 때때로 이루어질 수 있으며, 회사는 이 재매각으로부터 수익을 받지 않으며 워런트가 행사될 때만 현금을 받게 됩니다.

재매각 대상인 보통주는 2025년 4월 28일 기준으로 발행 주식의 약 91.74%를 차지하며, 모든 워런트가 행사되면 이는 93.15%로 상승합니다. 2025년 10월 20일에 주가는 5.27달러에 마감했고, 워런트는 0.151달러였습니다. 회사의 나스닥 심볼은 SDST(보통주)와 SDSTW(워런트)입니다. 공시된 워런트 조건에 따르면 10개의 워런트 묶음은 1주로 행사 가능하며, 행사 가격은 115.00달러입니다.

보충서에는 Prairie Lithium과의 비구속적 의향서를 발표하는 첨부 양식 8‑K가 포함되어 있으며, 연간 6,000 미터톤의 LCE를 리튬클로라이드로 제공하며, 최초 납품은 2027년 가능하고 초기 6년 기간과 6년 연장 옵션 2회가 있으며, 확정 계약에 따라 달라집니다.

Stardust Power Inc. a déposé un supplément de prospectus pour une inscription de revente couvrant jusqu'à 5 519 087 actions ordinaires et jusqu'à 5 566 667 warrants. Les ventes peuvent être effectuées de temps à autre par des actionnaires vendeurs; la société ne recevra pas de produits de ces reventes, et recevra de l'argent uniquement si les warrants sont exercés.

Les actions ordinaires enregistrées pour la revente représentent environ 91,74% des actions en circulation au 28 avril 2025; en supposant que tous les warrants soient exercés, cela passe à 93,15%. Le 20 octobre 2025, l'action a clôturé à 5,27 $ et les warrants à 0,151 $. Les symboles Nasdaq de la société sont SDST (ordinaires) et SDSTW (warrants). Les conditions des warrants indiquent que chaque lot de 10 warrants peut être exercé pour une action à un prix d'exercice de 115,00 $.

L’appendice comprend un formulaire 8-K annonçant une lettre d’intention non contraignante avec Prairie Lithium pour 6 000 tonnes métriques par an de LCE en chlorure de lithium, avec des livraisons initiales dès 2027 et une période initiale de six ans avec deux options de prolongation de six ans, sous réserve d’un accord définitif.

Stardust Power Inc. hat einen Prospektzusatz für eine Rückverkaufsregistrierung eingereicht, der bis zu 5.519.087 Stammaktien und 5.566.667 Warrants umfasst. Verkäufe können von Zeit zu Zeit von verkäuferischen Anlegern erfolgen; das Unternehmen wird aus diesen Rückkäufen keine Erlöse erzielen und würde Bargeld nur erhalten, wenn Warrants ausgeübt werden.

Die für den Rückverkauf registrierten Stammaktien machen zum 28. April 2025 ca. 91,74% der umlaufenden Aktien aus; vorausgesetzt, alle Warrants werden ausgeübt, steigt dies auf 93,15%. Am 20. Oktober 2025 schloss die Aktie bei 5,27 USD und die Warrants bei 0,151 USD. Die Nasdaq-Symbole des Unternehmens lauten SDST (Stammaktien) und SDSTW (Warrants). Die offenbarten Warrants-Bedingungen besagen, dass jedes Los von 10 Warrants für eine Aktie zu einem Ausübungspreis von 115,00 USD ausgeübt werden kann.

Der Zusatz enthält ein beigefügtes Formular 8-K, das eine unverbindliche Absichtserklärung mit Prairie Lithium für 6.000 metrische Tonnen pro Jahr LCE in Lithiumchlorid ankündigt, mit ersten Lieferungen bereits ab 2027 und einer anfänglichen Laufzeit von sechs Jahren plus zwei sechsjährige Verlängerungsoptionen, vorbehaltlich einer endgültigen Vereinbarung.

Stardust Power Inc. قدمت ملحق نشرة إصدار لتسجيل إعادة البيع يغطي حتى 5,519,087 سهماً عاديّاً و5,566,667 من وحدات Warrants. قد تتم المبيعات من حين لآخر من قبل حاملي الأوراق المالية البائعين؛ لن تتلقى الشركة الإيرادات من هذه المبيعات المعاد بيعها، وستتلقى نقوداً فقط إذا تم ممارسة الوارنتس.

تمثل الأسهم العادية المسجّلة لإعادة البيع نحو 91.74% من الأسهم القائمة حتى 28 أبريل 2025؛ مع افتراض ممارسة جميع الوارنتس، ترتفع النسبة إلى 93.15%. في 20 أكتوبر 2025، أغلقت الأسهم عند $5.27 والوَارِنتس عند $0.151. الرموز المدرجة للشركة في ناسداك هي SDST (الأسهم العادية) وSDSTW (الوَارِنتس). الأحكام الخاصة بالوارنتس تنص على أن كل دفعة من 10 Warrants قابلة للممارسة لشراء سهم واحد بسعر ممارسة $115.00.

يتضمن الملحق نموذج 8-K مرفقاً يعلن عن مذكرة نوايا غير ملزمة مع Prairie Lithium لــ 6,000 طن متري في السنة من LCE في كلوريد الليثيوم، مع تسليمات ابتدائية مبكرة في 2027 وفترة ابتدائية مدتها ست سنوات بالإضافة إلى خيارين لتمديد ست سنوات، رهناً باتفاق نهائي.

Stardust Power Inc. 已提交一份招股书补充文件,用于覆盖最高 5,519,087 股普通股5,566,667 份认股权证 的再销售注册。由出售的证券持有人不时进行销售;公司不会就这些再销售取得收益,只有在认股权证被行使时才会实现现金收入。

用于再销售的普通股约占截至 2025-04-28 的已发行股本的 91.74%;若所有认股权证都被行使,比例将上升至 93.15%。在 2025-10-20,股票收盘价为 5.27 美元,认股权证为 0.151 美元。公司的纳斯达克代码为 SDST(普通股)和 SDSTW(认股权证)。公开披露的认股权证条款显示,每批 10 张认股权证可换行为 1 股,行使价为 115.00 美元

补充文件还附有 Form 8-K,宣布与 Prairie Lithium 的一份 非绑定性意向书,涉及每年 6,000 公吨 的 LCE(氯化锂)产量,初始交付最早可在 2027 年,初始六年期并可各延长六年两次,以最终协议为前提

Positive
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Insights

Large resale overhang; warrant cash unlikely at current prices; supply LOI is non-binding.

The filing registers resale of 91.74% of outstanding common stock as of April 28, 2025, plus up to 5,566,667 warrants. The company states it will not receive proceeds from selling holders’ transactions and would get cash only upon warrant exercises.

Warrants require 10-for-1 to acquire a share at an exercise price of $115.00, while the stock last traded at $5.27 on October 20, 2025. The document notes if the market price is below the exercise price, holders are unlikely to exercise; some warrants may be exercised cashlessly, generating no cash to the issuer.

The attached 8-K announces a non-binding LOI with Prairie Lithium for 6,000 mtpa LCE as LiCl, with initial deliveries as early as 2027 and an initial six-year term plus two six-year extensions, subject to a definitive agreement. Actual impact depends on execution of a final contract.

Stardust Power Inc. ha depositato un supplemento di prospetto per una registrazione di rivendita che copre fino a 5.519.087 azioni ordinarie e fino a 5.566.667 warrants. Le vendite possono essere effettuate di tanto in tanto dagli azionisti venditori; la società non riceverà proventi da queste rivendite, e riceverà denaro solo se i warrant verranno esercitati.

Le azioni ordinarie registrate per la rivendita rappresentano circa 91,74% delle azioni in circolazione al 28 aprile 2025; presumendo che tutti i warrant vengano esercitati, questa percentuale salirà a 93,15%. Il 20 ottobre 2025, il titolo ha chiuso a $5,27 e i warrant a $0,151. I simboli Nasdaq della società sono SDST (ordinario) e SDSTW (warrant). I termini dei warrant indicati prevedono che ogni lotto di 10 warrant possa essere esercitato per una azione a un prezzo di esercizio di $115,00.

Il supplemento include un modulo allegato 8‑K che annuncia una lettera di intenti non vincolante con Prairie Lithium per 6.000 metric tons per annum di LCE in cloruro di litio, con consegne iniziali già nel 2027 e un termine iniziale di sei anni più due opzioni di estensione di sei anni ciascuna, subordinate a un accordo definitivo.

Stardust Power Inc. ha presentado un suplemento del prospecto para un registro de reventa que cubre hasta 5.519.087 acciones ordinarias y hasta 5.566.667 warrants. Las ventas pueden realizarse de vez en cuando por accionistas vendedores; la empresa no recibirá ingresos de estas reventas, y solo recibiría efectivo si se ejercen los warrants.

Las acciones ordinarias registradas para la reventa representan aproximadamente el 91,74% de las acciones en circulación al 28 de abril de 2025; asumiendo que se ejerciten todos los warrants, esto sube a 93,15%. El 20 de octubre de 2025, la acción cerró en $5,27 y los warrants en $0,151. Los símbolos de Nasdaq de la empresa son SDST (ordinarias) y SDSTW (warrants). Los términos de los warrants divulgados indican que cada lote de 10 warrants es exercible por una acción a un precio de ejercicio de $115,00.

El suplemento incluye un Formulario 8‑K adjunto que anuncia una carta de intenciones no vinculante con Prairie Lithium por 6.000 toneladas métricas por año de LCE en cloruro de litio, con entregas iniciales tan pronto como 2027 y un plazo inicial de seis años más dos opciones de extensión de seis años, sujeto a un acuerdo definitivo.

Stardust Power Inc. 는 재매각 등록에 대한 증권설명서 보충서를 제출했으며, 그 범위는 최대 5,519,087주의 보통주와 최대 5,566,667주워런트를 포함합니다. 매각은 판매 보유자에 의해 때때로 이루어질 수 있으며, 회사는 이 재매각으로부터 수익을 받지 않으며 워런트가 행사될 때만 현금을 받게 됩니다.

재매각 대상인 보통주는 2025년 4월 28일 기준으로 발행 주식의 약 91.74%를 차지하며, 모든 워런트가 행사되면 이는 93.15%로 상승합니다. 2025년 10월 20일에 주가는 5.27달러에 마감했고, 워런트는 0.151달러였습니다. 회사의 나스닥 심볼은 SDST(보통주)와 SDSTW(워런트)입니다. 공시된 워런트 조건에 따르면 10개의 워런트 묶음은 1주로 행사 가능하며, 행사 가격은 115.00달러입니다.

보충서에는 Prairie Lithium과의 비구속적 의향서를 발표하는 첨부 양식 8‑K가 포함되어 있으며, 연간 6,000 미터톤의 LCE를 리튬클로라이드로 제공하며, 최초 납품은 2027년 가능하고 초기 6년 기간과 6년 연장 옵션 2회가 있으며, 확정 계약에 따라 달라집니다.

Stardust Power Inc. a déposé un supplément de prospectus pour une inscription de revente couvrant jusqu'à 5 519 087 actions ordinaires et jusqu'à 5 566 667 warrants. Les ventes peuvent être effectuées de temps à autre par des actionnaires vendeurs; la société ne recevra pas de produits de ces reventes, et recevra de l'argent uniquement si les warrants sont exercés.

Les actions ordinaires enregistrées pour la revente représentent environ 91,74% des actions en circulation au 28 avril 2025; en supposant que tous les warrants soient exercés, cela passe à 93,15%. Le 20 octobre 2025, l'action a clôturé à 5,27 $ et les warrants à 0,151 $. Les symboles Nasdaq de la société sont SDST (ordinaires) et SDSTW (warrants). Les conditions des warrants indiquent que chaque lot de 10 warrants peut être exercé pour une action à un prix d'exercice de 115,00 $.

L’appendice comprend un formulaire 8-K annonçant une lettre d’intention non contraignante avec Prairie Lithium pour 6 000 tonnes métriques par an de LCE en chlorure de lithium, avec des livraisons initiales dès 2027 et une période initiale de six ans avec deux options de prolongation de six ans, sous réserve d’un accord définitif.

Stardust Power Inc. hat einen Prospektzusatz für eine Rückverkaufsregistrierung eingereicht, der bis zu 5.519.087 Stammaktien und 5.566.667 Warrants umfasst. Verkäufe können von Zeit zu Zeit von verkäuferischen Anlegern erfolgen; das Unternehmen wird aus diesen Rückkäufen keine Erlöse erzielen und würde Bargeld nur erhalten, wenn Warrants ausgeübt werden.

Die für den Rückverkauf registrierten Stammaktien machen zum 28. April 2025 ca. 91,74% der umlaufenden Aktien aus; vorausgesetzt, alle Warrants werden ausgeübt, steigt dies auf 93,15%. Am 20. Oktober 2025 schloss die Aktie bei 5,27 USD und die Warrants bei 0,151 USD. Die Nasdaq-Symbole des Unternehmens lauten SDST (Stammaktien) und SDSTW (Warrants). Die offenbarten Warrants-Bedingungen besagen, dass jedes Los von 10 Warrants für eine Aktie zu einem Ausübungspreis von 115,00 USD ausgeübt werden kann.

Der Zusatz enthält ein beigefügtes Formular 8-K, das eine unverbindliche Absichtserklärung mit Prairie Lithium für 6.000 metrische Tonnen pro Jahr LCE in Lithiumchlorid ankündigt, mit ersten Lieferungen bereits ab 2027 und einer anfänglichen Laufzeit von sechs Jahren plus zwei sechsjährige Verlängerungsoptionen, vorbehaltlich einer endgültigen Vereinbarung.

 

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-281160

 

PROSPECTUS SUPPLEMENT NO. 6

(to Prospectus dated May 5, 2025)

 

 

STARDUST POWER INC.

 

Up to 5,519,087 Shares of Common Stock

Up to 1,056,659 Shares of Common Stock Underlying Warrants

Up to 5,566,667 Warrants to Purchase Common Stock

 

This prospectus supplement supplements the prospectus dated May 5, 2025 (the “Prospectus”), which forms a part of our registration statement on Form S-1 (No. 333-281160). This prospectus supplement is being filed to update and supplement the information in the Prospectus with the information contained in our Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on October 21, 2025 (the “Form 8-K”). Accordingly, we have attached the Form 8-K to this prospectus supplement.

 

The Prospectus and this prospectus supplement relate to the offer and resale from time to time by the selling securityholders named in this Registration Statement or their permitted transferees (the “Selling Securityholders”) of the following:

 

(i) up to 5,519,087 shares of common stock, par value $0.0001 per share (the “Common Stock”), consisting of:

 

(a) up to 12,777 shares of Common Stock issued to former GPAC II Public Shareholders (as defined in the Prospectus) at Closing (as defined in the Prospectus) pursuant to certain Non-Redemption Agreements (as defined in the Prospectus);
   
(b) up to 400,000 shares of Common Stock (including 100,000 shares that are subject to forfeiture) issued to the Sponsor at Closing in exchange for an equivalent number of Class B ordinary shares, par value $0.0001 per share, of GPAC II that were originally purchased for approximately $0.03 per share;
   
(c) up to 107,754 shares of Common Stock issued to PIPE Investors (as defined in the Prospectus) at Closing pursuant to certain PIPE Subscription Agreements (as defined in the Prospectus) at a purchase price of $93.50 per share;
   
(d) up to 202,498 shares of Common Stock held by holders of vested RSU awards;
   
(e) up to 4,239,390 shares of Common Stock issued to certain third parties and affiliates of Stardust Power at Closing (which in each case were issued as consideration in the Business Combination (as defined in the Prospectus) based on a value of $100.00 per share); and
   
(f) up to 556,666 shares of Common Stock issuable upon exercise of the Private Warrants (as defined in the Prospectus); and

 

(ii) up to 5,566,667 Private Warrants, which were originally purchased at a price of $1.50 per Private Warrant.

 

 

 

 

We will not receive any proceeds from the sale of shares of Common Stock or Warrants (as defined in the Prospectus) by the Selling Securityholders pursuant to the Prospectus or in any supplement to the Prospectus, except upon the exercise of Warrants.

 

The shares of Common Stock, not including Common Stock issuable upon exercise of the Warrants, being offered for resale pursuant to the Prospectus or in any supplement to the Prospectus by the Selling Securityholders represent approximately 91.74% of shares of Common Stock (and assuming the exercise of all Warrants, 93.15% of Common Stock) outstanding as of April 28, 2025. Given the substantial number of shares of Common Stock being registered for potential resale by Selling Securityholders pursuant to the Prospectus and this prospectus supplement, the sale of shares of Common Stock or Warrants by the Selling Securityholders, or the perception in the market that the Selling Securityholders of a large number of holders of Common Stock or Warrants intend to sell such securities, could increase the volatility of the market price of our Common Stock or Warrants or result in a significant decline in the public trading price of our Common Stock or Warrants. Even if our trading price of Common Stock is significantly below $100.00 per share, the offering price for the units offered in the IPO (as defined in the Prospectus), certain of the Selling Securityholders may still have an incentive to sell shares of Common Stock, because they purchased the shares at prices lower than the public investors or the current trading price of our Common Stock.

 

We will only receive proceeds from the exercise of Warrants if and when the holders of the Warrants choose to exercise them. The exercise of the Warrants, and any proceeds we may receive from their exercise, are highly dependent on the price of our Common Stock and the spread between the exercise price of the Warrants and the price of our Common Stock at the time of exercise. If the market price of our Common Stock is less than the exercise price of a holder’s Warrants, it is unlikely that holders will choose to exercise. There can be no assurance that the Warrants will be in the money prior to their expiration. In addition, our Warrant holders have the option to exercise the Warrants on a cashless basis in certain circumstances. See “Description of Securities - Warrants” in the Prospectus. As such, it is possible that we may never generate any cash proceeds from the exercise of our Warrants.

 

We will bear all costs, expenses and fees in connection with the registration of the securities. The Selling Securityholders will bear all commissions and discounts, if any, attributable to their respective sales of the securities.

 

Our registration of the securities covered by the Prospectus or in any prospectus supplement does not mean that either we or the Selling Securityholders will issue, offer or sell, as applicable, any of the Common Stock. The Selling Securityholders may offer and sell the securities covered by the Prospectus or in any prospectus supplement in a number of different ways and at varying prices. We provide more information about how the Selling Securityholders may sell the shares in the section entitled “Plan of Distribution” in the Prospectus.

 

You should read the Prospectus, this prospectus supplement and any prospectus supplement or amendment carefully before you invest in our Common Stock or Warrants.

 

Our Common Stock and Warrants are listed on The Nasdaq Global Market (“Nasdaq”) under the symbols “SDST” and “SDSTW,” respectively. On October 20, 2025, the last reported sales price of our Common Stock was $5.27 per share and the last reported sales price of our Warrants was $0.151 per Warrant.

 

We are an “emerging growth company” and a “smaller reporting company” as defined under U.S. federal securities laws and, as such, have elected to comply with reduced public company reporting requirements. The Prospectus and this prospectus supplement comply with the requirements that apply to an issuer that is an emerging growth company and a smaller reporting company. This prospectus supplement updates and supplements the information in the Prospectus and is not complete without, and may not be delivered or utilized except in combination with, the Prospectus, including any amendments or supplements thereto. This prospectus supplement should be read in conjunction with the Prospectus and if there is any inconsistency between the information in the Prospectus and this prospectus supplement, you should rely on the information in this prospectus supplement.

 

Investing in our securities involves a high degree of risk. You should review carefully the risks and uncertainties described in the section titled “Risk Factors” beginning on page 14 of the Prospectus, and under similar headings in any amendments or supplements to the Prospectus.

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities, or passed upon the accuracy or adequacy of the Prospectus or this prospectus supplement. Any representation to the contrary is a criminal offense.

 

The date of this prospectus supplement is October 22, 2025. 

 

 

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 21, 2025

 

  STARDUST POWER INC.  
  (Exact name of registrant as specified in its charter)  

 

Delaware   001-39875   99-3863616

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

15 E. Putnam Ave, Suite 378, Greenwich, CT   06830
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (800) 742-3095

 

  Not Applicable  
  (Former name or former address, if changed since last report.)  

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading symbol   Name of each exchange on which registered
Common Stock, par value $0.0001 per share   SDST   The Nasdaq Global Market
Redeemable warrants, each lot of 10 warrants exercisable for one share of Common Stock at an exercise price of $115.00   SDSTW   The Nasdaq Global Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 8.01 Other Events.

 

On October 21, 2025, Stardust Power Inc. ( the “Company”) issued a press release announcing that it has entered into a non-binding letter of intent with Prairie Lithium Limited, an Australian-based company, for the supply of 6,000 metric tons per annum of lithium carbonate equivalent in the form of lithium chloride. The transaction is subject to the negotiation and execution of a definitive agreement by the parties.

 

A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.   Description
99.1   Press Release, dated October 21, 2025.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: October 21, 2025 STARDUST POWER INC.
   
  /s/ Roshan Pujari
  Roshan Pujari
  Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

Stardust Power Secures Strategic North American Lithium Supply with Prairie Lithium

 

GREENWICH, Conn. – October 21, 2025 – Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium carbonate, announced today that it has executed a Letter of Intent (the “Agreement”) with Prairie Lithium for the supply of 6,000 metric tons per annum of lithium carbonate equivalent (“LCE”) in the form of lithium chloride (“LiCl”). The lithium chloride is sourced from the Prairie Lithium Project in Saskatchewan, Canada and will be used as feedstock at Stardust Power’s lithium processing facility in Muskogee, Oklahoma. This Agreement marks a significant source of supply as the Company eyes a Final Investment Decision (“FID”) and the start of major construction.

 

The supply Agreement with Prairie Lithium provides a foundation for near-term feedstock that enables the Company to accelerate its business model, strengthen customer engagement, and further de-risk the development of Phase 1. This Agreement also preserves flexibility for future phases to incorporate multiple chlorides as production scales. A key strength of Stardust Power’s strategy lies in its large central refinery engineered to process multiple approved lithium chloride inputs. This design enables efficient aggregation of feedstock and scalable production of battery-grade lithium carbonate. Supporting this approach, the Company continues to work with multiple producers and developers to bring their products to market, positioning itself as a critical hub in North America’s lithium supply chain.

 

Under the Agreement, feedstock will be delivered to the Port of Muskogee’s Free Trade Zone, which offers strategic access to established water, road, and rail networks. The Free Trade Zone designation provides potential advantages such as tariff exemptions and reduced import duties. Initial deliveries are scheduled to begin as early as 2027, with volumes scaling up to 6,000 metric tons per annum with the opportunity for additional volumes. Prairie Lithium’s Preliminary Economic Statement identifies up to 17,000 metric tons per annum of production capacity. Early shipments can be stored in on-site tanks to build sufficient reserves for commissioning and ramp-up of the facility, with ongoing storage maintained to ensure uninterrupted supply. The Agreement is non-binding and subject to negotiation and execution of a definitive agreement. The Agreement spans an initial six-year term, with two additional six-year extension options at Stardust Power’s discretion, enabling up to 18 years of secure, feedstock supply.

 

 

 

 

“Securing reliable, high-quality feedstock is critical to scaling our lithium refining operations. Prairie Lithium is a valuable source that aligns with our commitment to a secure a sustainable North American supply chain. This Agreement strengthens our ability to meet growing demand while maintaining operational efficiency,” commented Pablo Cortegoso, Chief Technical Officer and Co-Founder of Stardust Power.

 

The Prairie Project is situated in the Williston Basin of southeast Saskatchewan, Canada, a region renowned for its long history of oil and gas production. The Project has been de-risked through the development of multiple well-pad sites and production of initial samples, and it benefits from access to critical infrastructure, including electricity, fresh water, paved highways, and railroads, spanning approximately 350,000 acres of mineral rights.

 

“We are proud to partner with Stardust Power to supply high-quality lithium feedstock for the U.S. market. It highlights the value of cooperation between trusted strategic allies in securing a clean energy supply chain and demonstrates the strength of Prairie’s resources and our commitment to supporting scalable, sustainable lithium production critical to North America’s energy security” said Paul Lloyd, Managing Director of Prairie Lithium.

 

This Agreement significantly strengthens Stardust Power’s commercial position, unlocking access to new financing avenues including project-level debt and equity. It also represents a major de-risking step as the Company moves closer to full-scale construction and commissioning. With permitting in the advanced stages, ground already broken at the Muskogee site, and an initial offtake Agreement signed, Stardust Power is demonstrating strong operational execution and clear momentum. These milestones collectively underscore the Company’s rapid progress from development to operations, reinforcing its ability to deliver key objectives and accelerate speed to market. Stardust Power is well-positioned to capitalize on growing demand for domestic supply and refining of critical minerals, presenting a compelling opportunity for long-term shareholder value creation.

 

 

 

 

About Stardust Power Inc.

 

Stardust Power is a developer battery-grade lithium carbonate designed to bolster America’s energy security through resilient supply chains. The Company is building a strategically located lithium refinery in Muskogee, Oklahoma, with the capacity to produce up to 50,000 metric tons of battery-grade lithium carbonate annually. Committed to sustainability at every stage, Stardust Power trades on Nasdaq under the ticker “SDST.”

 

About the Prairie Lithium Project

 

PL9’s Prairie Lithium Project is located in the Williston Basin of Saskatchewan, Canada. Located in one of the world’s top mining friendly jurisdictions, the projects have easy access to key infrastructure including electricity, natural gas, fresh water, paved highways and railroads. The projects also aim to have strong environmental credentials, with Prairie Lithium targeting to use less freshwater, land and waste, aligning with the Company’s sustainable approach to lithium development.

 

For more information, visit www.stardust-power.com

 

Stardust Power Contacts

 

For Investors:

 

Johanna Gonzalez

investor.relations@stardust-power.com

 

For Media:

 

Michael Thompson

media@stardust-power.com

 

 

 

 

Cautionary Note Regarding Forward-Looking Statements

 

The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995 and other applicable securities laws, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects. These statements may include, without limitation, statements regarding management’s expectations about future business strategies, financial performance, operating results, growth opportunities, market developments, competitive position, regulatory outlook, and other statements of future events or expectations. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “target,” “will,” “could,” “should,” and similar expressions are intended to identify such forward-looking statements.

 

Forward-looking statements are not guarantees of future performance. They are based on current expectations, estimates, forecasts, and assumptions that involve significant risks and uncertainties, many of which are beyond the Company’s control and are difficult to predict. Actual results may differ materially from those expressed or implied by such forward-looking statements as a result of various factors, including but not limited to: macroeconomic conditions; inflationary pressures; changes in interest rates; supply chain disruptions; evolving consumer demand; competitive and technological developments; regulatory or legal changes; litigation exposure; cybersecurity threats; fluctuations in foreign exchange rates; and other factors described in the Company’s filings with the U.S. Securities and Exchange Commission (SEC), including the “Risk Factors” section of its most recent Annual Report on Form 10-K and subsequent filings on Form 10-Q and 8-K.

 

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, the Company assumes no obligation and expressly disclaims any duty to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, even if subsequent events cause expectations to change.

 

This press release may contain material nonpublic financial information, which should be considered in light of the Company’s periodic reports and public disclosures filed with the SEC. Investors are encouraged to review these filings—which are available on the SEC’s website—for a more complete understanding of the Company’s financial condition and business risks.

 

 

FAQ

What securities does SDST’s prospectus supplement register for resale?

It covers up to 5,519,087 shares of common stock and up to 5,566,667 warrants to purchase common stock.

Will Stardust Power (SDST) receive proceeds from this registration?

The company will not receive proceeds from sales by selling securityholders; it would receive cash only if warrants are exercised.

How large is the registered resale relative to SDST’s outstanding shares?

The registered common stock represents approximately 91.74% of shares outstanding as of April 28, 2025, or 93.15% assuming all warrants are exercised.

What are SDST’s warrant terms and recent trading prices?

Each lot of 10 warrants is exercisable for one share at $115.00. On Oct 20, 2025, SDST closed at $5.27 and SDSTW at $0.151.

What did SDST announce regarding lithium supply with Prairie Lithium?

A non‑binding LOI for 6,000 metric tons per annum of LCE as lithium chloride, with initial deliveries as early as 2027, subject to a definitive agreement.

Where are SDST’s securities listed?

Common stock trades on Nasdaq as SDST, and warrants trade as SDSTW.
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Electrical Equipment & Parts
Primary Smelting & Refining of Nonferrous Metals
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United States
OKLAHOMA CITY