Stardust Power Inc. Increases At-The-Market Offering Capacity by $6.08M

What Happened

• On September 22, 2026, Stardust Power Inc. (SDST) filed Amendment No. 2 to its prospectus supplement to increase the maximum number/value of Placement Shares issuable under its At Market Issuance Sales Agreement with B. Riley Securities, Inc. The amendment authorizes up to an additional aggregate of $6,076,872 of Placement Shares.
• The sales will be made pursuant to the company’s effective Form S-3 registration statement (File No. 333-294938, filed April 9, 2026; declared effective April 16, 2026) and the prospectus supplement dated May 8, 2026 (as amended by Amendment No. 1 dated September 17, 2026). A legal opinion from Thompson Hine LLP relating to the Placement Shares is filed as an exhibit.

Key Details

• Amendment filed: September 22, 2026 (Amendment No. 2 to prospectus supplement).
• Additional ATM capacity approved: up to $6,076,872 of Placement Shares.
• Sales agent: B. Riley Securities, Inc.; original Sales Agreement dated May 8, 2026.
• Registration: Form S-3 (File No. 333-294938), declared effective April 16, 2026; prospectus supplement dated May 8, 2026 (Amendment No.1 dated Sept 17, 2026).

Why It Matters

• This amendment expands Stardust Power’s ability to raise capital quickly by selling shares into the market under an existing ATM facility. For investors, that means the company has greater flexibility to access funding but also a potential for additional share dilution if the company sells Placement Shares. The filing confirms the offering is made under an effective registration, and a legal opinion related to the issuance is included.