Stardust Power Inc. has announced an amendment to its existing Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC. The amendment, dated May 15, 2025, modifies the terms to lower the minimum closing price for the company's common stock from $1.00 to $0.50 per share, facilitating easier transactions. This strategic adjustment allows Stardust Power to continue its plan to sell up to $50 million in common stock, in line with its financial strategies and growth objectives. All other aspects of the original agreement, initially signed on October 7, 2024, remain unchanged.
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