Monitor the company's cash burn rate and the pace of share issuance under this facility. The rapid succession of amendments (Sept 17 and Sept 22) suggests urgent capital needs. Watch for the next 10-Q to assess the cumulative dilution impact.
Price Chart
Executive Summary
Stardust Power Inc. filed Amendment No. 2 to its prospectus supplement, increasing the maximum amount of common stock issuable under its at-market equity facility with B. Riley Securities by an additional $6,076,872. This is a routine administrative update to an existing sales agreement, representing continued equity dilution for existing shareholders.
Key Facts
- Amendment No. 2 to the prospectus supplement filed on September 22, 2026
- Increases maximum placement shares by an additional $6,076,872
- Shares sold under At Market Issuance Sales Agreement with B. Riley Securities, Inc. dated May 8, 2026
- Prior Amendment No. 1 was filed on September 17, 2026
- Registration statement on Form S-3 (File No. 333-294938) effective April 16, 2026
Financial Impact
Additional $6,076,872 of common stock issuable under the at-market facility, adding to existing dilution from the original May 8, 2026 agreement and Amendment No. 1 on September 17, 2026.
Risk Factors
- Continued equity dilution from at-market issuances
- Potential signal of cash constraints given the rapid amendment sequence
- No disclosure of use of proceeds or business update accompanying the filing
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-043731 |
| Exhibit: ex5-1.htm | 0001493152-26-043731 |
| Document: 0001493152-26-043731-index-headers.html | 0001493152-26-043731 |
| Document: 0001493152-26-043731.txt | 0001493152-26-043731 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | 8-K | $0.0200 | awaiting T+20 | — | $0.006000 (+70.00%) |
Oct 2, 2026 25d ago | SC 13D/A | $0.0916 | awaiting T+20 | — | $0.006000 (+93.45%) |
Oct 2, 2026 25d ago | SC 13D/A | $0.0916 | awaiting T+20 | — | $0.006000 (+93.45%) |
Sep 22, 2026 5w ago | 424B5 | $0.1160 $0.0180 | ▲ +84.48% | ▲ +85.17% | $0.006000 (+94.83%) |
Sep 22, 2026 5w ago | 8-K | $0.1160 $0.0180 | ▲ +84.48% | ▲ +85.17% | $0.006000 (+94.83%) |
Sep 17, 2026 5w ago | 8-K | $0.1250 $0.0298 | ▲ +76.16% | ▲ +76.36% | $0.006000 (+95.20%) |
Aug 13, 2026 10w ago | Press Release | $0.6724 $0.1360 | ▲ +79.77% | ▲ +77.78% | $0.006000 (+99.11%) |
Aug 11, 2026 11w ago | 8-K | $0.7100 $0.1580 | ▼ −77.75% | ▼ −76.69% | $0.006000 (−99.15%) |
Aug 5, 2026 11w ago | 8-K | $0.6307 $0.2525 | ▼ −59.97% | ▼ −59.36% | $0.006000 (−99.05%) |
Jul 2, 2026 16w ago | 8-K | $1.70 $0.7351 | ▼ −56.76% | ▼ −56.34% | $0.006000 (−99.65%) |
US Market Status
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