11:30 AM EDT, 06/18/2025 (MT Newswires) -- Stardust Power ( SDST ) said Wednesday that it has closed its previously announced underwritten public offering of 21.5 million common shares at $0.20 apiece, raising about $4.3 million.

The company granted Aegis Capital a 45-day option to purchase up to 3.2 million additional shares to cover over-allotments, if any.

Stardust Power ( SDST ) said it expects to use the proceeds to complete the definitive feasibility study for its planned lithium processing facility in Oklahoma.

Shares of Stardust Power ( SDST ) were up more than 5% in recent Wednesday trading.

Price: 0.19, Change: +0.01, Percent Change: +4.73