Stardust Power Increases ATM Placement Capacity by $8.99M

What Happened
Stardust Power Inc. announced on September 17, 2026 that it filed Amendment No. 1 to its prospectus supplement to increase the maximum Placement Shares issuable under its At Market Issuance Sales Agreement with B. Riley Securities, Inc. by up to an additional aggregate of $8,990,537. The placements would be made under the company’s Form S-3 registration statement (File No. 333-294938), which was declared effective April 16, 2026, and as supplemented by the prospectus supplement dated May 8, 2026. A legal opinion from Thompson Hine LLP relating to the Placement Shares was filed as Exhibit 5.1.

Key Details

• Date filed: Amendment No. 1 filed September 17, 2026 (reported on Form 8-K).
• Amount authorized: Up to an additional aggregate of $8,990,537 of common stock Placement Shares.
• Sales agent: B. Riley Securities, Inc.; Sales Agreement dated May 8, 2026.
• Registration: Offerings to be made under Form S-3 (File No. 333-294938), effective April 16, 2026; prospectus supplement dated May 8, 2026.
• Legal opinion: Thompson Hine LLP opinion filed as Exhibit 5.1.

Why It Matters
This amendment expands Stardust Power’s ability to raise capital using at‑the‑market (ATM) sales, giving the company additional flexibility to sell shares into the market up to the stated dollar amount. For investors, use of the facility would increase outstanding shares and could dilute existing holders; it does not guarantee that shares will be sold. The filing and legal opinion reflect the company’s procedural steps to enable future equity offerings under its effective registration statement.