regulatory
confidence high
sentiment negative
materiality 0.85
Stardust Power Inc. (SDST): Nasdaq/NYSE listing notice — GPAC II gets additional Nasdaq delisting notice for missing annual meeting deadline
Stardust Power Inc.
- Received notice on Jan 29, 2024 for failing to hold annual meeting within 12 months of FYE Dec 31, 2022 (Rule 5620(a)).
- This is an additional basis for delisting; hearing before Nasdaq Panel on Apr 2, 2024 previously scheduled.
- Company submitted written arguments to Panel on Feb 5, 2024 regarding the deficiency.
- No assurance that Panel will grant continued listing or extension; SPAC may not complete business combination with Stardust Power.