Aegis Capital, acting as sole book-running manager, today announced the successful closing of a $4.3 million underwritten public offering for Stardust Power Inc. (NASDAQ: SDST), an American developer of battery-grade lithium products. The offering included 21,500,000 shares of common stock at a public offering price of $0.20 per share. Stardust Power has also granted Aegis a 45-day option to purchase up to an additional 3,225,000 shares to cover over-allotments, which could bring total gross proceeds to approximately $4.9 million. Proceeds from the offering will fund the completion of the Definitive Feasibility Study (DFS/FEL-3) for the Company’s proposed lithium processing facility in Muskogee, Oklahoma—a critical milestone toward advancing the project to final investment decision and construction of Phase 1.
To view the full press release, visit https://ibn.fm/k3OFF
About Aegis Capital Corporation
Aegis Capital Corporation “Aegis” has been in business for over 40 years catering to the needs of private clients, institutions and corporations. Aegis was founded in 1984 and offers its investment representatives a conflict free service platform and can provide a full range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles. Aegis is able to provide quality service through its primary clearing relationship with RBC Clearing & Custody whose parent company, Royal Bank of Canada (NYSE: RY), is one of the world’s leading diversified financial services companies. Member: FINRA / SIPC.
For more information, visit the company’s website at: https://www.aegiscapcorp.com/
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