SCHEDULE 13G: Armistice Capital Discloses Significant 8.20% Stake in Stardust Power Inc.

Armistice Capital, LLC and Steven Boyd have disclosed a beneficial ownership of 8.20% in Stardust Power Inc., holding 4,526,000 shares of common stock.

Summary

• Armistice Capital, LLC and Steven Boyd (collectively, the "Reporting Persons") have filed a Schedule 13G with the SEC regarding their beneficial ownership in Stardust Power Inc.
• The Reporting Persons collectively beneficially own 4,526,000 shares of Stardust Power Inc.'s Common Stock, par value $0.0001 per share.
• This ownership represents 8.20% of the Issuer's outstanding Common Stock.
• The percentage is calculated based on 55,190,875 shares outstanding as of April 28, 2025, as reported in the Issuer's Form Prospectus 424B3 filed on May 5, 2025.
• Armistice Capital, LLC, a Delaware entity, serves as the investment manager for Armistice Capital Master Fund Ltd., which is the direct holder of the shares.
• Steven Boyd, a U.S. citizen, is the managing member of Armistice Capital, LLC.
• Both Armistice Capital, LLC and Steven Boyd exercise shared voting power and shared dispositive power over the 4,526,000 shares.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain qualitative statements about the company's performance or outlook, thus maintaining a neutral sentiment.

Positives

• The disclosure of a significant stake by an institutional investor like Armistice Capital may be perceived by the market as a vote of confidence in Stardust Power Inc.

Risks

• No specific risks related to the issuer's operations or financial health are disclosed in this ownership filing, as it is primarily a disclosure of beneficial ownership.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of a significant ownership stake by an institutional investor. It does not provide information on broader industry trends or Stardust Power Inc.'s competitive position within its sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and trading activity for Stardust Power Inc.'s stock.

Key Dates

Keywords

Stardust Power Inc., Armistice Capital, Steven Boyd, Schedule 13G, beneficial ownership, common stock, institutional investor, SEC filing