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Stardust Solar Energy Inc. (TSXV: SUN) has provided an update regarding its Management Cease Trade Order (MCTO) situation. The British Columbia Securities Commission granted the MCTO on May 1, 2025, which prohibits the company's CEO and CFO from trading company securities until the filing of required 2024 annual financial documents. The MCTO was issued due to the company's delay in filing its audited annual financial statements for the year ended December 31, 2024, along with management's discussion, analysis, and related certifications.
The company's management continues to work on completing these required documents and confirms no undisclosed material information exists since its May 15 update. Regular bi-weekly status updates will be provided until the situation is resolved. Importantly, the MCTO does not affect other shareholders' ability to trade their securities.
Stardust Solar Energy Inc. (SUNXF) has signed a non-binding LOI with Estonia-based MarkeDroid to become the exclusive North American distributor of their AI-powered solar and battery optimization solution. The partnership, facilitated by ClimateDoor and the EU's Lower Carbon Business Action program, will integrate MarkeDroid's technology across Stardust's 93+ franchise territories in Canada, US, and Caribbean.
The AI technology optimizes buy-sell-store cycles by evaluating market prices, solar production, and energy usage patterns. Stardust Solar's recent achievements include acquiring 49 U.S. territories through Solar Grids Development LLC, new franchise launches in Texas and Florida, a C$2 million project backlog for spring 2025, and a distribution agreement with Tesla for Powerwall energy storage solutions.
Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) has expanded its franchise network by awarding a new territory in Biloxi, Mississippi, bringing its total to 93 franchise territories across North America. The agreement, effective May 15, 2025, grants exclusive rights to six counties in southern Mississippi and includes a right of first refusal for four additional territories in Louisiana and Alabama.
The Biloxi franchise covers a region with approximately 400,000 residents and strategic proximity to port, tourism, and military infrastructure. This expansion represents significant progress from the company's 78 territories at the start of 2024, keeping them on track to exceed 100 franchises by year-end. New franchisees receive access to Stardust's turnkey sales platform, engineering resources, and solar-training programs.
Stardust Solar Energy Inc. (TSXV: SUN) has received a management cease trade order (MCTO) from the British Columbia Securities Commission on May 1, 2025. The MCTO restricts the company's CEO and CFO from trading company securities until they file the required audited annual financial statements for 2024, along with management's discussion, analysis, and related certifications.
The trading restriction does not affect other shareholders' ability to trade. The company's management team is actively working to complete and file the required documents and will continue providing bi-weekly status updates in accordance with National Policy 12-203.
Stardust Solar Energy Inc. (SUNXF) has expanded its franchise network by selling 5 new territories in Miami-Dade County, Florida to French renewable-energy entrepreneur Christophe Ayassamy-Cally. The expansion provides exclusive rights to serve over 2.7 million residents in the county.
This addition brings Stardust's total network to 92 territories across North America, spanning 24 states and 9 Canadian provinces. The company has signed 14 new U.S. territories in 2025 YTD, marking an 18% increase since the year's start. Stardust Solar provides corporate services including engineering, supply-chain management, and Tesla Powerwall distribution, while also investing in certified training programs and implementing a proprietary CRM and design platform.
Stardust Solar Energy (TSXV: SUN) (OTCQB: SUNXF), a North American renewable energy solutions and franchising company, has commenced trading on the OTCQB Market under the symbol "SUNXF" effective May 8, 2025. This strategic move complements its existing TSX Venture Exchange listing and aims to enhance accessibility for U.S. investors.
The company has recently expanded its U.S. presence through the acquisition of Solar Grids Development LLC assets, now operating 54 franchise territories in the U.S. and 88 across North America. The OTCQB listing provides investors with real-time Level 2 quotes and increased transparency through the OTC Markets platform.
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