Stardust Power Inc. Files 8-K

TL;DR

Stardust Power filed an 8-K on Jan 28, 2025. Details TBD.

AI Summary

Stardust Power Inc. filed an 8-K on February 3, 2025, reporting an "Other Event" on January 28, 2025. The filing does not contain specific details about the event itself, only the reporting date and company information.

Why It Matters

This 8-K filing indicates a material event has occurred for Stardust Power Inc., requiring disclosure to investors.

Risk Assessment

Risk Level: medium — The filing is an 8-K, which typically reports material events, but the lack of specific details in this filing creates uncertainty.

Key Players & Entities

• Stardust Power Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• 001-39875 (commission_file_number) — SEC File Number
• 99-3863616 (irs_number) — IRS Employer Identification Number
• January 28, 2025 (date) — Date of earliest event reported
• February 3, 2025 (date) — Filing Date

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share SDST The Nasdaq Global Ma
• $11.50 — of Common Stock at an exercise price of $11.50 SDSTW The Nasdaq Global Market In

Filing Documents

• form8-k.htm (8-K) — 41KB
• 0001493152-25-004592.txt ( ) — 264KB
• sdst-20250128.xsd (EX-101.SCH) — 4KB
• sdst-20250128_def.xml (EX-101.DEF) — 29KB
• sdst-20250128_lab.xml (EX-101.LAB) — 36KB
• sdst-20250128_pre.xml (EX-101.PRE) — 27KB
• form8-k_htm.xml (XML) — 6KB

01 Other Events

Item 8.01 Other Events. On January 28, 2025, Stardust Power Inc. (the "Company") entered into a non-binding letter agreement with Sumitomo Corporation of Americas ("Sumitomo"), a New York corporation, contemplating a long-term commercial offtake agreement, pursuant to which Sumitomo would agree to acquire 20,000 metric tons of lithium carbonate per year from the Company's first line of production, with the potential to increase to 25,000 metric tons based on mutual agreement. The initial contract term would span 10 years starting from the date of the first qualification of the Company's lithium carbonate for sale to any of Sumitomo's customers, with an option for Sumitomo to renew for an additional five years under mutually agreed terms, provided written notice is given to the Company at least twelve months prior to the end of the initial term. The parties have agreed to pricing based on spot market prices published by either Fastmarkets or another mutually agreed upon reputable market price reporting agency and agreed to collaborate reasonably and as necessary to adjust pricing in the future to accommodate specific customers. The parties agreed to undertake joint marketing efforts to promote the lithium carbonate, with Sumitomo agreeing to minimum marketing activities to be determined in the definitive agreement. Under the agreement, prior to producing a battery grade product that is qualified by end-use customers, Sumitomo would agree to purchase technical grade lithium products at the annual volumes or in volumes up to what Stardust Power produces based on spot market prices published by either Fastmarkets or another mutually agreed upon reputable market price reporting agency. The transaction is subject to the negotiation and execution of a definitive agreement by the parties. A detailed negotiation timeline will be established to include milestones and deadlines for key deliverables. SIGNATURE Pursuant to the requirements of the Securities Exchange

View Full Filing

View this 8-K filing on SEC EDGAR