For the quarter ending 2025-09-30, SDST had -$1,021,746 decrease in cash & cash equivalents over the period. -$2,058,310 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Change in fair value of safe notes | 0 | 0 |
| Change in fair value of convertible notes | 0 | 0 |
| Stock based compensation | 1,702,265 | 4,380,679 |
| Change in fair value of common stock make-whole obligation | -7,196 | 215,443 |
| Loss on sale of investments in equity securities | 84,627 | 95,178 |
| Change in fair value of investment in equity securities | 27,680 | -728,134 |
| Loss on write-off of promissory notes and deposit | 0 | 232,481 |
| Loss on write-off of deferred transaction cost | 0 | 30,000 |
| Change in fair value of warrant liability | 511,109 | -2,171,692 |
| Change in fair value of sponsor earnout shares | 0 | -528,000 |
| Depreciation expense | 781 | 1,536 |
| Prepaid expenses and other assets | 293,616 | -239,723 |
| Accounts payable | -70,571 | 128,902 |
| Accrued liabilities and other current liabilities | 501,735 | -328,696 |
| Net loss | -4,459,764 | -7,514,138 |
| Net cash used in operating activities | -2,058,310 | -4,490,450 |
| Investment in other long-term assets | 0 | 0 |
| Purchase of property and equipment | 0 | 0 |
| Promissory notes issued | 0 | - |
| Capital project costs | 1,276,508 | 2,278,760 |
| Land acquisition cost | 0 | 16,619 |
| Proceeds from sale of investment in equity securities | 491,944 | 78,311 |
| Net cash used in investing activities | -784,564 | -2,217,068 |
| Proceeds from investor for issuance of safe notes | 0 | 0 |
| Repayment of sponsor promissory notes | 0 | - |
| Proceeds from exercise of warrants | 0 | - |
| Proceeds from issuance of convertible notes | 0 | 0 |
| Proceeds from issuance of common stock | 1,524,880 | 122,551 |
| Proceeds from issuance of notes payable to related parties | 0 | 250,000 |
| Repayment of notes payable to related parties | 0 | 250,000 |
| Repayment of short-term loan from related parties | 0 | 2,000,000 |
| Proceeds from short-term loan | 337,244 | - |
| Repayment of short-term loan | 32,577 | 1,808,552 |
| Proceeds from advance received from pipe investors | 0 | 125,000 |
| Deferred transaction costs paid | 0 | 25,000 |
| Proceeds from public offering | 0 | 10,270,400 |
| Proceeds from warrant inducement exercises | 0 | 2,971,040 |
| Transaction costs associated with public offering and warrant inducement | 8,074 | 1,252,152 |
| Repurchase of unvested shares | 0 | 1,593 |
| Cash in lieu payment on fractional shares under reverse stock split | 345 | - |
| Net cash provided by financing activities | 1,821,128 | 8,401,694 |
| Net (decrease)/ increase in cash | -1,021,746 | 1,694,176 |
| Cash and cash equivalents at beginning of period | 912,574 | - |
| Cash and cash equivalents at end of period | 1,585,004 | - |
Stardust Power Inc. (SDST)
Stardust Power Inc. (SDST)