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 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.
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 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.
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 $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.
On June 19, 2025, Martyn Buttenshaw resigned as a member of the board of directors of the Company.
Max materiality 0.85 · Median 0.60 · Most common event other_material