Stardust Solar Energy Closes Second Tranche of Private Placement, Fueling U.S. Expansion

Stardust Solar Energy Inc. (TSXV: SUN), a leading franchisor of renewable energy installation services, has announced the closing of the second and final tranche of its upsized non-brokered private placement offering. The successful closing of this tranche has significantly bolstered the company's financial position and expansion plans, particularly in the U.S. market.

The company raised approximately $524,610.40 through the issuance of 5,246,104 units, each consisting of one common share and one common share purchase warrant. This brings the total gross proceeds from the upsized non-brokered private placement to approximately $1,160,210.40, as the first tranche raised around $635,000. The additional funds will be used to support working capital, marketing initiatives, and administrative operations, ensuring the continued scalability of Stardust Solar's franchise network.

Stardust Solar also paid finder's fees in the amount of $30,905 and issued 309,050 finder's warrants in connection with the second tranche. Each finder's warrant entitles the holder to purchase one common share at $0.20 for a period of 18 months from the date of issuance, under the same terms as the Warrants issued in the Offering.

The proceeds from the Offering will be used to accelerate Stardust Solar's expansion in the U.S. market, following the Company's acquisition of Solar Grids Development LLC. This expansion is crucial for the company's growth, as it aims to tap into the vast potential of the U.S. renewable energy market. The funds will also support the integration of Solar Grids Development LLC into Stardust Solar's franchise network, further enhancing the company's presence and offerings in the U.S. market.

The strategic implications of the use of proceeds from the Offering align with Stardust Solar's long-term growth objectives. The funds raised will be used to support the company's expansion into the U.S. market, working capital and administrative operations, and marketing initiatives. These strategic moves position the company for growth and success in the competitive renewable energy industry.



In conclusion, the closing of the second tranche of Stardust Solar's private placement has significantly strengthened the company's financial position and expansion plans, particularly in the U.S. market. The strategic implications of the use of proceeds from the Offering are well-aligned with the company's long-term growth objectives, focusing on expanding into the U.S. market, supporting working capital and administrative operations, and funding marketing initiatives. These strategic moves position the company for growth and success in the competitive renewable energy industry.