Departed
Martyn Buttenshaw
Director
SDST ·
Stardust Power Inc.
On June 19, 2025, Martyn Buttenshaw resigned as a member of the board of directors of the Company.
Ready 8-Ks
50
Latest filing
July 2, 2026, 5:00 PM ET
Top materiality
0.90
Event mix
other_material ×27 · regulatory ×7 · m_and_a ×5
Sentiment
13 pos · 10 neg · 27 neu
Latest earnings
reported 2024-Q3
Executive change
recent →
Recent 8-K filings for SDST
Highest-materiality recent filing
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.
- Public shareholders redeemed 1,657,158 shares at ~$11.38 each for ~$18.86M; remaining trust $1.56M.
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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.
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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.
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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.
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Entered non-binding LOI for supply of up to 15,000 metric tons per annum LCE as lithium chloride from a California brine project.
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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.
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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.
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Air quality construction permit from Oklahoma DEQ; final significant permit for construction and commissioning.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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).
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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.
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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)
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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.
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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.
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Stardust Power enters $4.7M engineering agreement for Muskogee Lithium facility
Agreement with Primero USA for engineering, design, procurement, and FEL-3 report.
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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.
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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.
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Special meeting postponed from June 18 to June 25, 2024; proposals and record date unchanged.
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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)).
Executive changes
Role change
Paramita Das
Chief Strategy Officer and Senior Advisor to the Chief Executive Officer
SDST ·
Stardust Power Inc.
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.
Role change
Paramita Das
Chief Strategy Officer
SDST ·
Stardust Power Inc.
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.
Appointed
Chris Celano
Chief Operating Officer
SDST ·
Stardust Power Inc.
On January 7, 2025, the Company announced the appointment of Chris Celano as the Company’s Chief Operating Officer, effective January 1, 2025.
Departed
Claudia Hollingsworth
Director
SDST ·
Stardust Power Inc.
each of Gary DiCamillo, Claudia Hollingsworth and William Kerr resigned from their positions as directors of GPAC II
Departed
William Kerr
Director
SDST ·
Stardust Power Inc.
each of Gary DiCamillo, Claudia Hollingsworth and William Kerr resigned from their positions as directors of GPAC II
Departed
Chandra Patel
Chief Executive Officer and Chairman
SDST ·
Stardust Power Inc.
Chandra Patel resigned from his positions as GPAC II’s Chief Executive Officer and Chairman
Appointed
Roshan Pujari
Chief Executive Officer
SDST ·
Stardust Power Inc.
Roshan Pujari, as Chief Executive Officer
Appointed
Udaychandra Devasper
Chief Financial Officer
SDST ·
Stardust Power Inc.
Udaychandra Devasper, as Chief Financial Officer
Appointed
Mark Rankin
Director
SDST ·
Stardust Power Inc.
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.
Departed
Jarett Goldman
Chief Financial Officer
SDST ·
Stardust Power Inc.
Jarett Goldman resigned from his position as GPAC II’s Chief Financial Officer
Departed
Gary DiCamillo
Director
SDST ·
Stardust Power Inc.
each of Gary DiCamillo, Claudia Hollingsworth and William Kerr resigned from their positions as directors of GPAC II
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.60 · Most common event other_material