Current Report · Items 3.01 · 8-K
Stardust Power Inc.
SDSTNASDAQEQUITYCurrent
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item Notice 3.01 of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On September 11, 2026, Stardust Power Inc. (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s common stock, par value $0.0001 pe…
Filed Sep 17, 2026Accepted Sep 17, 2026, 5:00 PM EDTCIK 1831979Accession 0001493152-26-043157
Company context
Current securities
Historical securities (3)
Registered securities in this filing
STARDUST POWER INC. · 8-K · Filed 2026-09-17
As filed in this accession. Current/historical status below comes from the governed listing record; the cover itself remains exact to this filing.
Common Stock, par value $0.0001 per share
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Filing context
Context: From2026-09-112026-09-11_custom_CommonStockParValue0.0001PerShareMember
Dimensions: us-gaap:StatementClassOfStockAxis
Redeemable warrants, with 10 warrants exercisable for one share of Common Stock at an exercise price of $115.00
- Exchange
- NASDAQ
- Classification
- WARRANT
- Status
- Current
Filing context
Context: From2026-09-112026-09-11_custom_RedeemableWarrantsEachWholeWarrantExercisableForOneShareOfCommonStockAtExercisePriceOf11.50Member
Dimensions: us-gaap:StatementClassOfStockAxis
Accession 000149315226043157 · 2 registered-security cover members
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Item 3.01Item 3.01 - Notice of Delisting
Item Notice
3.01 of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
September 11, 2026, Stardust Power Inc. (the “Company”) received a letter (the “Notice”) from the Listing Qualifications
Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the
Company’s common stock, par value $0.0001 per share (the “Common Stock”), for the last 30 consecutive business days,
from July 30, 2026 through September 10, 2026, the Company no longer satisfies the requirement of Nasdaq Listing Rule 5550(a)(2) that
listed securities maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”).
As
previously disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on April 30,
2026, on April 24, 2026, the Company received a letter from Nasdaq notifying the Company that it no longer satisfied the minimum
$35,000,000 market value of listed securities requirement set forth in Nasdaq Listing Rule 5550(b)(2), and the Company has until October
21, 2026, to regain compliance with that requirement.
The
Notice has no immediate effect on the listing of the Common Stock, and the Common Stock continues to trade on The Nasdaq Capital Market
under the symbol “SDST.”
In
accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a compliance period of 180 calendar days, or until March
10, 2027, to regain compliance with the Minimum Bid Price Requirement. If, at any time during this compliance period, the
closing bid price of the Common Stock is at least $1.00 per share for a minimum of ten consecutive business days, Nasdaq will provide
the Company with written confirmation of compliance with respect to the Minimum Bid Price Requirement, and the matter will be
closed. The Notice also provides that, if the Company chooses to implement a reverse stock split to regain compliance, it must complete
the split no later than ten business days prior to March 10, 2027.
If
the Company does not regain compliance with the Minimum Bid Price Requirement by March 10, 2027, the Company may be eligible for an additional
compliance period of 180 calendar days. To qualify, the Company would be required to meet the continued listing requirement for market
value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the Minimum Bid
Price Requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period
by effecting a reverse stock split, if necessary. If it appears to Nasdaq staff that the Company will not be able to cure the
deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Common Stock is subject to delisting. In
that event, the Company may appeal the delisting determination to a Nasdaq Hearings Panel.
The
Company intends to continue to actively monitor the bid price of its Common Stock and the minimum market value of listed securities
and will consider options available to the Company to achieve compliance with the Nasdaq listing rules.
There
can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement or will otherwise be in
compliance with the other listing standards for The Nasdaq Capital Market.