EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Stardust Power Secures Institutional Investment Framework Supporting Up to $150 Million Investment GREENWICH, Conn. - April 20, 2026 - Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium carbonate, today announced that it has entered into a Letter of Intent (the “LOI”) with a single institutional investor to support project level financing for its planned lithium refinery in Muskogee, Oklahoma. Under the terms of the LOI, the institutional investor has indicated its intent to invest up to $150 million at the project level, with flexibility across equity, debt, and hybrid financing structures. The investment is expected to be made as we continue to secure funding from other investors, and it will help us develop our long-term capital plans. Structuring the investment at the asset level is expected to reduce dilution for public shareholders while supporting the establishment of a transparent, market-driven valuation for the refinery. The LOI represents a meaningful step in advancing the project’s capital stack and provides increased visibility into financing for the c…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Stardust Power Inc.
SDSTNASDAQEQUITYCurrent
Other Events
Item 8.01 – Other Events. On April 20, 2026, Stardust Power Inc. (the “ Company ”) issued a press release with respect to an institutional investor framework. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Company context
Current securities
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item
8.01 – Other Events.
On
April 20, 2026, Stardust Power Inc. (the “ Company ”) issued a press release with respect to an institutional investor
framework. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.