Stardust Power (SDST) Registration Filing summary

Company overview and business model

• Developing a lithium refinery in Muskogee, Oklahoma, targeting up to 50,000 metric tons per year of battery-grade lithium carbonate (BGLC) once fully operational.

• Aims to secure U.S. energy leadership and independence by supplying sustainable, cost-effective lithium for e-mobility, grid infrastructure, and data centers.

• Facility designed for multiple lithium feedstock inputs and plans to secure supply through letters of intent and memoranda of understanding.

Financial performance and metrics

• As of July 23, 2025, the aggregate market value of outstanding common stock held by non-affiliates was approximately $27,058,251, based on 55,097,233 shares at $0.4911 per share.

• No securities have been offered under the current registration in the prior 12 months.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as specified in the applicable prospectus supplement.