Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when SDST files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsRed Flags Detected
- Delisting (new) — Company received Nasdaq deficiency notice for failing to maintain minimum market value; has until October 21, 2026 to regain compliance or face delisting.
Stardust Power receives Nasdaq delisting warning for failing $35M market value requirement
Filed April 30, 2026 · Period ending April 24, 2026 · ~1 min read
Key Changes
-
high
Nasdaq notified company on April 24 that it failed to maintain required $35M market value for 30 consecutive days. Company has until October 21, 2026 to regain compliance or face delisting from Nasdaq Capital Market.
Item 3.01 verify on EDGAR → -
high
To avoid delisting, company must meet one of three standards by October deadline: $2.5M stockholders' equity, $35M market value for 10 consecutive days, or $500K net income from continuing operations.
Item 3.01 verify on EDGAR → -
medium
Shares remain listed and trading on Nasdaq during the 180-day compliance period. The deficiency notice has no immediate impact on current listing status.
Item 3.01 verify on EDGAR → -
medium
Company's proposed Oklahoma Lithium Refinery Project received support from Governor's office and Department of Commerce, citing potential for jobs and economic development. No financial commitments disclosed.
Item 8.01 verify on EDGAR →
Summary
Stardust Power disclosed it received a deficiency notice from Nasdaq on April 24, 2026, for failing to maintain the required $35 million market value of listed securities for 30 consecutive business days. The company also does not currently meet alternative listing standards for stockholders' equity or net income. This puts the company's Nasdaq listing at risk if it cannot regain compliance within 180 days.
For retail investors, this is a significant warning sign about the company's market capitalization and financial health. While shares continue trading normally during the compliance period, failure to meet any of the three alternative standards by the October deadline could result in delisting to over-the-counter markets, which typically means reduced liquidity and investor access.
The company would need its market value to recover substantially or demonstrate improved financial performance. Separately, the company announced governmental support for its proposed Oklahoma lithium refinery project, though no binding commitments or funding details were provided. Investors should watch for the company's next quarterly report to assess progress toward meeting the $2.5M equity or $500K income thresholds, and monitor whether market value can sustain above $35M for the required period.
Section-by-Section Diff
Event · Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule
Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On April 24, 2026, Stardust Power Inc. (the “Company”) was notified by the listing qualifications staff of Nasdaq Regulation (“Nasdaq”) that the Company did not satisfy the minimum $35 million market value of the listed securities requirement for 30 consecutive business days, as required under Nasdaq Listing Rule 5550(b) (2) for the Nasdaq Capital Market (the “MVLS Requirement”). Nasdaq also noted that the Company does not meet the requirements under Listing Rules 5550(b) (1) and 5550(b) (3).
Nasdaq notified the company that it failed to maintain the required $35 million market value of listed securities for 30 consecutive business days. Additionally, the company does not meet alternative listing standards related to stockholders' equity or net income requirements. This puts the company at risk of delisting from the Nasdaq Capital Market if compliance is not regained.
Added in current filing · verify on EDGAR →
The notification received has no immediate impact on the listing of the Company’s securities on the Nasdaq Capital Market.
Despite the deficiency notice, the company's securities remain listed and trading on the Nasdaq Capital Market during the 180-day compliance period. The notice itself does not trigger immediate delisting, giving the company time to address the deficiency.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Recently, the Company’s proposed Lithium Refinery Project (“the Project”) has received significant support from the Office of the Governor of the State of Oklahoma.
The company disclosed that its proposed Lithium Refinery Project has received significant support from Oklahoma's Governor's office. This represents governmental backing for the project, though no binding commitments, funding amounts, or timeline details were provided.
Added in current filing · verify on EDGAR →
Additionally, the Project received significant support from the Oklahoma Department of Commerce. The potential of the Project to bring quality jobs, capital investment and long term economic opportunity to Oklahoma was recognized along with the ability to serve the interest of the local communities in Oklahoma.
The Oklahoma Department of Commerce also expressed support for the project, recognizing its potential to create jobs, capital investment, and economic opportunity. However, the disclosure contains no specifics about financial incentives, tax breaks, grants, or binding agreements that would materially impact project economics.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify