Martyn Buttenshaw
On June 19, 2025, Martyn Buttenshaw resigned as a member of the board of directors of the Company.
Highest-materiality recent filing
Stardust Power notifies General Counsel Bruce Czachor of non-renewal; last day Jan 2027
Bruce Czachor notified on June 30, 2026 that his employment agreement will not be renewed.
Stardust Power shareholders reelect directors, approve equity plan increase; charter amendment fails
Shareholders elected six directors including CEO Roshan Pujari; each received >3.46M votes for, with 3.14M broker non-votes.
Stardust Power signs ATM equity facility with B. Riley for up to $5M
Entered At Market Issuance Sales Agreement with B. Riley Securities for up to $5,000,000 of common stock.
Stardust Power receives Nasdaq delisting notice for failing MVLS requirement; stock at risk
Nasdaq notified Stardust Power that its market value of listed securities fell below $35M for 30 consecutive business days.
Stardust Power secures LOI for up to $150M project-level financing for lithium refinery
Non-binding LOI with single institutional investor for up to $150M at project level via equity, debt, or hybrid financing.
Entered non-binding LOI for supply of up to 15,000 metric tons per annum LCE as lithium chloride from a California brine project.
Stardust Power reports FY 2025 net loss $15.7M; cash $3.5M and going concern doubt
Net loss improved to $15.7M from $23.8M; EPS loss of $2.13 vs $5.55.
Stardust Power secures up to $10M equity facility with B. Riley
Entered Common Stock Purchase Agreement with B. Riley Principal Capital II for up to $10M over 36 months.
Stardust Power hires Bruce Czachor as General Counsel, Chief Compliance Officer & Secretary
Appointment effective January 26, 2026; Czachor reports directly to CEO Roshan Pujari.
Air quality construction permit from Oklahoma DEQ; final significant permit for construction and commissioning.
Stardust Power secures up to $15M convertible debt facility for Oklahoma lithium refinery
Initial $4.0M drawdown under $15M senior secured convertible note with Lind; note $4.8M plus warrant for ~419,162 shares.
Stardust Power terminates equity purchase agreement with B. Riley; $471,942 make-whole payment
Mutual termination effective Dec 11, 2025 of Common Stock Purchase Agreement dated Oct 7, 2024 with B. Riley Principal Capital II.
Stardust Power gets Black & Veatch validation for Muskogee lithium refinery Phase 1
Independent review by Black & Veatch affirms low technical/design risk for Muskogee lithium carbonate refinery.
Stardust Power signs LOI with Mandrake for 7,500 tpa LCE supply from Utah project
Non-binding LOI for 7,500 metric tons per annum of lithium carbonate equivalent as lithium chloride.
Nasdaq approved transfer of listing from Global Market to Capital Market effective Oct 29, 2025.
Stardust Power exchanges 958,400 warrants for 730,689 new shares, eliminating warrant overhang
Entered into Warrant Exchange Agreement with institutional investor to exchange 958,400 existing warrants for 730,689 newly issued shares of common stock.
Stardust Power signs non-binding LOI with Prairie Lithium for 6,000 mt/yr lithium chloride supply
Non-binding LOI with Prairie Lithium for 6,000 metric tons/year of lithium chloride feedstock from Saskatchewan, Canada.
Stardust Power receives Nasdaq delisting notice for low market value; plans hearing
Received staff delist determination on Oct 1, 2025 for failing to regain compliance with Nasdaq's minimum market value of listed securities rule.
Stardust Power completes FEL-3 study for Oklahoma lithium refinery; Phase 1 capex ~$500M
Phase 1 capacity: 25,000 mtpa battery-grade lithium, expandable to 50,000 mtpa in Phase 2.
Stardust Power announces 1-for-10 reverse stock split effective Sept 8 to regain Nasdaq compliance
1-for-10 reverse stock split effective September 8, 2025; outstanding shares reduced to ~8.46 million.
Stardust Power closes partial over-allotment, raising $220k additional gross proceeds
Underwriter exercised option for 1,100,000 shares at $0.20/share, adding $220k in gross proceeds.
Director Martyn Buttenshaw resigns from Stardust Power board, no disagreement cited
Martyn Buttenshaw resigned as a director on June 19, 2025.
Stardust Power closes $4.3M public offering of 21.5M shares at $0.20/share
Gross proceeds ~$4.3M from 21,500,000 common shares at public price of $0.20.
All seven director nominees elected with >39.8M votes for each; broker non-votes of 6.46M.
Stardust Power lowers minimum stock price for $50M equity facility to $0.50
Amendment reduces the minimum closing price threshold from $1.00 to $0.50 per share for stock purchases by B. Riley.
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.
Stardust Power receives third Nasdaq deficiency notice for MVLS; delisting risk
On April 3, 2025, Nasdaq notified Stardust Power common stock failed MVLS requirement (minimum $50M) for 30 consecutive days.
Stardust Power receives Nasdaq deficiency notices for low MVPHS and bid price
Notices dated March 18 and 19, 2025: MVPHS below $15M and bid price below $1.00 for 30 consecutive days.
Stardust Power raises ~$3M via warrant exercise inducement, issues new warrants for 9.6M shares
Exercising holder exercises 4.79M existing warrants at reduced price of $0.62/share; gross proceeds ~$3M.
Stardust Power secures exclusive KMX VMD license; issues 500K shares as royalty
Exclusive license for KMX's VMD technology for lithium concentration in US, Canada, and select international markets.
Stardust Power signs non-binding offtake letter with Sumitomo for 20,000 mt/yr lithium carbonate
Non-binding letter with Sumitomo for 20,000 mt/yr lithium carbonate, potential to 25,000 mt/yr.
Stardust Power raises $5.75M in public offering of common stock and warrants
Priced 4,792,000 units at $1.20 each (one share + one warrant); gross proceeds $5.75M
Stardust Power appoints Chris Celano COO; enters $550K securities placement
Chris Celano named COO effective Jan 1, 2025; base salary $350K, $1.5M RSU pending.
Stardust Power enters $1.8M promissory notes at 15% interest, pledges 3.4M founder shares
Aggregate $1.8M promissory notes issued Dec 13, 2024 to multiple lenders.
Stardust Power closes $1.8M note financing, buys OK refinery site, appoints new director
$1.8M notes at 15%, maturing Mar 2025; lenders get up to $2.7M in stock (min 360k shares).
Stardust Power issues $1.75M promissory note at 15% interest; shares pledged as collateral
Loan of $1,750,000 at 15% annual interest, maturing March 6, 2025.
Stardust Power Q3 net loss widens to $10M; cash at $1.6M; zero debt
Net loss of $10.0M in Q3 2024, up from $0.8M year-over-year; loss per share $(0.22) vs $(0.02)
Stardust Power signs $50M common stock purchase agreement with B. Riley
Company may sell up to $50M of new common shares to B. Riley over 36 months at its discretion.
Stardust Power dismisses Withum as auditor, appoints KNAV CPA LLP
Board dismissed WithumSmith+Brown as independent auditor on September 17, 2024.
Stardust Power H1 net loss $4.1M, no revenue; cash $642k, going concern flagged
Net loss of $4.1M in H1 2024 ($0.47 diluted EPS); Q2 net loss $2.7M ($0.31); no revenue.
Stardust Power enters $4.7M engineering agreement for Muskogee Lithium facility
Agreement with Primero USA for engineering, design, procurement, and FEL-3 report.
Stardust Power closes de-SPAC merger with GPAC II at $447.5M enterprise value
Enterprise value of $447.5M plus $50M earnout; total consideration based on $10 per share assumption.
GPAC shareholders approve Stardust Power merger; 1.66M shares redeemed for $18.9M
All seven proposals approved, including Business Combination, Domestication, Charter, and Nasdaq listing.
GPAC II cuts Stardust Power deal EV to $447.5M, secures $10.1M PIPE at $9.35/share
Amendment No. 2 reduces enterprise value from $450M to $447.5M; Sponsor waives 1.71M private placement warrants.
GPAC II postpones special meeting to June 27 for Stardust Power deal vote
Special meeting further postponed from June 18 to June 27, 2024 at 4:00 p.m. ET.
Special meeting postponed from June 18 to June 25, 2024; proposals and record date unchanged.
GPAC II amends merger agreement with Stardust Power; adds alternative financing up to $5M
Equity Value definition amended to include cash from Alternative Financing, minus debt and transaction expenses.
Sponsor converted 7,400,000 Class B shares to Class A on a one-for-one basis on April 5, 2024.
GPAC II extends sponsor promissory notes to July 2024, ups borrowing capacity to $4M
Extended maturity of sponsor promissory notes to July 14, 2024, subject to earlier business combination or liquidation.
GPAC II gets additional Nasdaq delisting notice for missing annual meeting deadline
Received notice on Jan 29, 2024 for failing to hold annual meeting within 12 months of FYE Dec 31, 2022 (Rule 5620(a)).
On June 19, 2025, Martyn Buttenshaw resigned as a member of the board of directors of the Company.
Effective March 16, 2025, as a result of restructuring certain internal reporting lines and responsibilities, Paramita Das, Chief Strategy Officer and Senior Advisor to the Chief Executive Officer, will no longer be an executive officer of the Company or an officer for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
Additionally, on January 7, 2025, the Company made certain organizational changes, and in connection therewith, determined that in light of Paramita Das’s responsibilities and authority as Chief Strategy Officer and Senior Advisor to the Chief Executive Officer, Ms. Das shall be designated as an “executive officer” of the Company within the meaning of the applicable rules and regulations of the Securities and Exchange Commission, and as an “officer” of the Company for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, effective January 1, 2025.
On January 7, 2025, the Company announced the appointment of Chris Celano as the Company’s Chief Operating Officer, effective January 1, 2025.
each of Gary DiCamillo, Claudia Hollingsworth and William Kerr resigned from their positions as directors of GPAC II
each of Gary DiCamillo, Claudia Hollingsworth and William Kerr resigned from their positions as directors of GPAC II
Chandra Patel resigned from his positions as GPAC II’s Chief Executive Officer and Chairman
Roshan Pujari, as Chief Executive Officer
Udaychandra Devasper, as Chief Financial Officer
the following individuals were appointed to the Board: Roshan Pujari, Mark Rankin, Chandra Patel, Sudhindra Kankanwadi, Michael Earl Cornett Sr., Anupam Agarwal, and Charlotte Nangolo.
Jarett Goldman resigned from his position as GPAC II’s Chief Financial Officer
each of Gary DiCamillo, Claudia Hollingsworth and William Kerr resigned from their positions as directors of GPAC II
Max materiality 0.90 · Median 0.60 · Most common event other_material