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- Nasdaq Listing Deficiency (new) — Company received April 2026 notice for failing to maintain $35M market value of listed securities, with 180 days to cure or face delisting.
- Securities Litigation (new) — H.C. Wainwright filed lawsuit alleging breach of engagement agreement and seeking payment of unpaid sums.
- Material Weakness (improved) — Previously identified material weaknesses in COSO framework, segregation of duties, and contract controls have been remediated.
Stardust secures air permit, new financing; faces Nasdaq delisting risk, H.C. Wainwright suit
Filed May 14, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 14, 2025 · ~2 min read
Key Changes
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Received final air quality construction permit from Oklahoma DEQ in Q1 2026, removing last major regulatory hurdle for lithium refinery construction. Company also secured $15M convertible debt facility with Lind and $10M equity line with B. Riley.
MD&A: Permits & Financing verify on EDGAR → -
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Nasdaq issued deficiency notice April 2026 for market value below $35M for 30 days; company has until October 21, 2026 to regain compliance or face delisting from Capital Market.
MD&A: Nasdaq Listing verify on EDGAR → -
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H.C. Wainwright filed breach-of-contract lawsuit July 2025 seeking unpaid sums under engagement agreement. Company denies liability and filed answer with affirmative defenses; case proceeding to discovery.
Legal Proceedings verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 4, 2026 12:27 PM