Stardust Solar Clarifies Debenture Placement Details
News related to:Stardust Solar Energy Inc · 2 min read
Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF), a leading provider of residential solar energy solutions, has clarified the terms of its non-brokered private placement of secured senior convertible debenture units. The company, which is led by Plaza Capital, will issue up to 641 senior secured convertible debenture units for aggregate gross proceeds of up to $641,000. Each Debenture Unit will consist of one senior secured convertible debenture with a principal value of $1,000 and 13,333 common share purchase warrants, each priced at $1,000.
The net proceeds from the Offering will be used by the Company to repay the outstanding principal amount and interest accrued thereon owed by the Company pursuant to senior secured convertible debentures of the Company issued on February 17, 2026. Completion of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including those from the TSX-V. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the policies of the TSX-V. The Offering is not subject to a minimum aggregate amount of subscriptions and the Offering may occur in one or more tranches.
Stardust Solar intends to use the net proceeds of the Offering to repay the outstanding principal amount and interest accrued thereon owed by the Company pursuant to senior secured convertible debentures of the Company issued on February 17, 2026. The Company's headquarters are located at B101-9000 Bill Fox Way, Burnaby, BC V5J 5J3, Canada, and its investor relations office is situated at 732 S 6th St, STE N, Las Vegas, NV 89101. The company can be followed on Facebook, LinkedIn, and Instagram.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.