Stardust Power Secures Convertible Debt for Lithium Refinery

Claim 70% Off TipRanks This Holiday SeasonUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialAn announcement from Stardust Power ( (SDST) ) is now available. On December 23, 2025, Stardust Power Inc. entered into a Securities Purchase Agreement with Lind Global Asset Management XIII LLC, securing approximately $4.0 million in gross proceeds through the issuance of a $4.8 million senior secured convertible promissory note and an accompanying warrant, with the debt secured by all company assets and subsidiary guarantees and structured for repayment over 20 monthly installments in cash, stock, or a combination. On December 24, 2025, the company announced that this financing forms part of a facility of up to $15.0 million in senior secured convertible debt intended to provide flexible, potentially bridge, capital for early-stage engineering, infrastructure, procurement, and other pre-construction activities at its Muskogee, Oklahoma lithium refinery project, as it builds a broader project-level capital stack aimed at advancing the refinery toward construction while seeking to limit dilution for shareholders. The most recent analyst rating on (SDST) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Stardust Power stock, see the SDST Stock Forecast page. Spark’s Take on SDST Stock According to Spark, TipRanks’ AI Analyst, SDST is a Neutral. The score is primarily held down by weak financial performance (no revenue, sizable losses, ongoing cash burn, and negative equity), indicating high funding and execution risk. Technicals also point to a prevailing downtrend. Positive project milestones and supply-chain LOIs help, but are tempered by the Nasdaq delisting risk and the lack of profitability-based valuation support. To see Spark’s full report on SDST stock, click here. More about Stardust Power Stardust Power Inc. is an American developer of battery-grade lithium carbonate focused on strengthening U.S. energy security through resilient domestic supply chains. The company is building a lithium refinery in Muskogee, Oklahoma, designed to produce up to 50,000 metric tons of battery-grade lithium carbonate annually, and its shares trade on Nasdaq under the ticker SDST. Average Trading Volume: 309,875 Technical Sentiment Signal: Sell Current Market Cap: $30.63M