Stardust Power Inc. Announces Pricing of $5.75 Million Public Offering
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Stardust Power Inc. (NASDAQ: SDST) has announced a public offering to raise approximately $5.75 million through the sale of common stock and warrants. The offering is priced at $1.20 per share with warrants exercisable at $1.30, expiring in five years.
January 24, 2025 | 1:15 pm
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Stardust Power Inc. is conducting a public offering to raise $5.75 million by selling shares and warrants. This could lead to short-term stock price volatility as the market reacts to the dilution and potential future capital from warrant exercises.
The public offering introduces new shares and warrants, which can dilute existing shareholders' value. The market may react negatively in the short term due to this dilution and the potential for future share issuance if warrants are exercised.
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