secwatch.observer — SEC 8-K summary
======================================

Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001641172-25-005299
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Stardust Power loses 'controlled company' status after CEO transfers 2.88M shares to trust
--------------------------------------------------------------------------------

- CEO Roshan Pujari transferred 2,880,000 shares for no consideration to an irrevocable trust for a family member on Apr 16-17, 2025.
- After the transfer, Mr. Pujari no longer holds >50% voting power, so Stardust Power ceases to be a Nasdaq-controlled company.
- The Company had not availed itself of any controlled company exemptions, so no governance changes are required.
- The Board of Directors approved the transfer for estate planning purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000164117225005299/0001641172-25-005299-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000164117225005299/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-005299

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer