Stardust Power (SDST) holders approve equity plan, Lind share issuance
Rhea-AI Filing Summary
Stardust Power Inc. held its 2026 annual meeting of stockholders, with 9,990,130 common shares entitled to vote as of April 6, 2026. Stockholders approved an amendment and restatement of the 2024 Equity Incentive Plan, increasing shares available for issuance by 2,600,000 and extending the plan’s term to April 8, 2036.
They also elected six directors to one-year terms and ratified KNAV CPA LLP as independent auditor for the year ending December 31, 2026. Stockholders approved, for Nasdaq Listing Rule 5635 purposes, issuing common shares to Lind Global Asset Management XIII LLC. An amendment to clarify a director removal provision in the certificate of incorporation was not approved.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 5.02, 5.07, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Shares entitled to vote: 9,990,130 shares
Equity plan share increase: 2,600,000 shares
Equity plan term: April 8, 2036
+3 more
6 metrics
Shares entitled to vote
9,990,130 shares
Common stock entitled to vote as of April 6, 2026
Equity plan share increase
2,600,000 shares
Additional shares available under 2024 Equity Incentive Plan
Equity plan term
April 8, 2036
Extended expiration of 2024 Equity Incentive Plan
Auditor ratification votes for
6,546,354 shares
Votes for KNAV CPA LLP as auditor for 2026
Lind issuance votes for
3,311,967 shares
Votes approving issuance to Lind Global Asset Management XIII LLC
Charter amendment votes for
3,495,722 shares
Votes for director removal provision amendment, not approved
Key Terms
Emerging growth company, Nasdaq Listing Rule 5635, Equity Incentive Plan, broker non-votes, +1 more
5 terms
Emerging growth company regulatory
"Emerging growth company On June 2, 2026, Stardust Power Inc."
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Nasdaq Listing Rule 5635 regulatory
"approved, for purposes of complying with Nasdaq Listing Rule 5635, the issuance of shares"
Nasdaq Listing Rule 5635 is a stock-exchange rule that requires a listed company to get shareholder approval before issuing a large number of new shares or other securities that can convert into shares or carry voting power beyond set thresholds. Investors should care because these approvals prevent unexpected dilution of existing ownership and sudden shifts in voting control—think of it like needing agreement from current owners before cutting the pizza into many more slices that shrink each person’s piece.
Equity Incentive Plan financial
"approved an amendment and restatement of the Company’s 2024 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
broker non-votes financial
"FOR | | AGAINST | | ABSTENTIONS | | BROKER NON-VOTES 3,495,722 | | 8,725"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Stardust Power Inc. (SDST) stockholders approve at the 2026 annual meeting?
Stockholders approved changes to the 2024 Equity Incentive Plan and a share issuance under Nasdaq rules. They also elected six directors and ratified KNAV CPA LLP as auditor, shaping compensation, governance, and capital structure for future periods.
Was the amendment to Stardust Power’s certificate of incorporation approved?
The amendment to the certificate of incorporation to clarify the director removal provision was not approved. Voting results showed 3,495,722 shares for, 8,725 against, and 4,807 abstentions, along with 3,144,246 broker non-votes recorded on this governance-related proposal.
Who is Stardust Power’s independent auditor for the year ending December 31, 2026?
KNAV CPA LLP was ratified as Stardust Power’s independent registered public accounting firm for the year ending December 31, 2026. The ratification vote was 6,546,354 for, 69,354 against, and 37,792 abstentions, with no broker non-votes reported on this proposal.