Stardust Solar completes $417,000 private placement second tranche

Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) completed the second and final tranche of its private placement on November 28, 2025, raising $417,000 through the issuance of 4.17 million units at $0.10 per unit.

The completion brings total proceeds from the offering to $927,500. Each unit consists of one common share and one transferable warrant, with warrants exercisable at $0.15 per share for 18 months from closing.

The company paid $19,040 in finder's fees and issued 190,400 finder's warrants exercisable at $0.15 per share for 18 months. Company insiders participated in the second tranche for $25,000, constituting a related party transaction under securities regulations.

Stardust Solar stated it will use net proceeds to expand operations and for general administrative, marketing and working capital purposes. All securities are subject to a four-month statutory hold period.

The Vancouver-based company operates as a North American franchisor of renewable energy installation services, specializing in solar panels, energy storage systems and electric vehicle supply equipment across Canada and the United States.

The information is based on a company press release statement.

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