02:28 PM EDT, 06/17/2025 (MT Newswires) -- Stardust Power ( SDST ) said Tuesday it has priced a public offering of 21.5 million shares at $0.20 apiece to raise about $4.3 million.

The company said it also granted Aegis Capital a 45-day option to buy additional shares of up to 15% of the offering size.

The offering is expected to close on June 18. Net proceeds will be used for general corporate purposes and working capital, it said.

Shares were down about 50% in recent trading.

Price: 0.19, Change: -0.19, Percent Change: -49.91