Stardust Power Inc. issued 304,878 shares of common stock to Lind Global Asset Management XIII LLC on August 20, 2026, following a notice of conversion and default delivered by Lind on August 17, 2026. The conversion applied $150,000 of the outstanding principal amount of a Senior Secured Convertible Promissory Note at a price of $0.492 per share. This action was triggered because the company's market capitalization fell below $15.0 million for ten consecutive trading days, constituting an event of default under the note issued in December 2025. After this partial conversion, approximately $3.43 million in aggregate principal remained outstanding on the note. The shares were issued without cash proceeds under a Securities Act exemption. Stardust Power Inc. operates in the renewable energy sector, focusing on power generation technologies.

Stardust Power Inc. appointed V. Ray Rivers to its Board of Directors effective August 10, 2026, where he will serve on the Audit and Compensation Committees as an independent director. Mr. Rivers receives a $25,000 annual cash retainer plus committee retainers and is expected to receive approximately $100,000 in stock grants. This appointment adds capital markets expertise to the board but does not constitute a material event affecting investor value or near-term operations. Stardust Power Inc. operates in the energy materials sector, developing battery-grade lithium carbonate refining infrastructure.

Stardust Power Inc. announced a non-binding Letter of Intent with Charge CCCV LLC for the supply of battery-grade lithium carbonate from its Muskogee, Oklahoma refinery. C4V provided a preliminary demand forecast outlining potential offtake volumes of 3,000 metric tons in 2028, 10,000 MT in 2029, and up to 20,000 MT by 2030. The agreement includes collaboration on product qualification but leaves final pricing, delivery schedules, and volumes subject to negotiation of a definitive agreement. This announcement complements a previously disclosed non-binding letter with a global trading house for up to 25,000 metric tons annually. Stardust Power operates in the battery materials industry, developing and refining lithium carbonate for electric vehicle batteries.

Stardust Power Inc. notified Bruce Czachor, the company's General Counsel, Chief Compliance Officer, and Secretary, that his Executive Employment Agreement will not be renewed. Mr. Czachor's final day of employment is scheduled for January 25, 2027. Stardust Power Inc. is a company involved in the energy and resources sector.