Stardust Power Inc. (SDST): Nasdaq/NYSE listing notice — Stardust Power receives third Nasdaq deficiency notice for MVLS; delisting risk

Stardust Power Inc.

On April 3, 2025, Nasdaq notified Stardust Power common stock failed MVLS requirement (minimum $50M) for 30 consecutive days.
Company has 180 days (until Sept 30, 2025) to regain compliance by achieving $50M MVLS for 10 consecutive business days.
Prior deficiency letters received March 18-19, 2025 for minimum bid price ($1.00) and market value of publicly held shares ($15M).
Failure to cure may result in delisting; company may consider transfer to Nasdaq Capital Market as an option.
Stardust Power (SDST) trades on Nasdaq Global Market; warrants (SDSTW) also listed.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

Stardust Power Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

April 3, 2025, Stardust Power Inc. (“ Stardust ”) received written notice from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying Stardust that, based on the market value of listed securities for the previous 30 consecutive business days, the listing of Stardust’s common stock was not in compliance with Nasdaq Listing Rule 5450(b)(2)(A) to maintain a minimum market value of listed securities of at least $50 million (the “ MVLS Requirement ”). In accordance with Nasdaq rules, Stardust has a period of 180 calendar days (or until September

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Stardust Power Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-003256

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