Stardust Power Inc.
4.9400+0.15 (+3.13%)
Oct 28, 4:00:00 PM EDT · NasdaqGM · SDST · USD
Key Stats
Market Cap
41.79MP/E (TTM)
-Basic EPS (TTM)
-3.22Dividend Yield
0%Recent Filings
8-K
8-K
Nasdaq delisting notice issued
Stardust Power Inc. received a Nasdaq delisting notice on October 1, 2025, after failing to meet the $50 million minimum market value of listed securities rule by the September 30 deadline. The company plans to appeal to a Nasdaq Hearings Panel, staying any delisting while proposing a shift to the Nasdaq Capital Market tier. It recently fixed separate issues with public share value and bid price. Delisting risks loom if the appeal falters.
8-K
FEL-3 Cuts Lithium Costs
Stardust Power Inc. completed its FEL-3 study on September 9, 2025, for the Muskogee, Oklahoma lithium refinery, slashing Phase 1 capital costs to ~$500 million—nearly $200 million below prior estimates—with 90% confidence. The design targets 25,000 metric tons per annum of battery-grade lithium, expandable to 50,000, with construction slated for ~24 months to mechanical completion. This milestone sharpens project economics and edges the company toward final investment decision. Yet risks like capital raising loom large.
8-K
Reverse split for Nasdaq compliance
Stardust Power Inc. filed for a 1-for-10 reverse stock split on September 3, 2025, effective September 8, slashing outstanding shares to about 8.5 million to regain Nasdaq compliance. This maneuver bolsters appeal to institutional investors while the company pushes engineering and permitting for its Oklahoma lithium facility. No fractional shares issued; cash payouts instead. Yet risks linger in forward-looking project milestones.
10-Q
Q2 FY2025 results
Stardust Power posted a Q2 net loss of $3.7M, up from $2.7M last year, driven by $3.0M in operating expenses that swelled 140% y/y from stock-based comp and headcount growth, while other items swung to a $0.7M net drag from fair-value hits on equity investments and write-offs. Yet cash climbed to $2.6M after netting $8.4M from equity raises against $4.5M ops burn and $2.2M capex on the Oklahoma refinery site. Capital project costs hit $5.3M YTD, underscoring steady buildout. No revenue yet, but the licensing deal with KMX for vacuum membrane tech bolsters processing edge. Nasdaq compliance hangs in the balance.
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