Stardust Power Inc. (SDST) said Nasdaq staff determined to suspend trading in its common stock and warrants and delist its securities at the opening of business on October 23, 2026. The determination followed a closing bid price of $0.10 or less for ten consecutive trading days as of October 14, 2026. Earlier notices gave the company until October 21, 2026 to regain compliance with the $35,000,000 market value requirement and until March 10, 2027 to regain compliance with the $1.00 minimum bid price requirement.
The company may request a hearing by 4:00 p.m. Eastern Time on October 23, 2026, but a timely request would not stay the suspension; a non-refundable $20,000 fee must be submitted within seven calendar days of the October 15 Staff Determination. The Board and management are evaluating possible over-the-counter quotation, expense reductions, possible suspension or termination of reporting obligations after delisting, and strategic alternatives including a sale or merger; none is assured. Chief Financial Officer Udaychandra Devasper's resignation is anticipated to take effect October 23, 2026.
Stardust Power Inc. CEO and Chairman Roshen Pujari and three reporting entities—7636 Holdings LLC, Energy Transition Investors LLC and VIKASA Clean Energy I LP—reported that they ceased to be beneficial owners of more than five percent of the company's common stock. They reported aggregate beneficial ownership of 1,669,174 shares.
Pujari reported sole voting and dispositive power over 537,721 shares and shared voting and dispositive power over 1,131,453 shares held by the three entities. His sole-power amount includes 491,699 shares held directly by Pujari and 46,022 held by his spouse, Maggie Clayton. The reporting persons stated that none had effected common-stock transactions in the preceding 60 days.
Stardust Power Inc. reported that its chief technical officer, Pablo Cortegoso, sold 123,614 shares of common stock in open-market transactions on September 16, 2026, at a weighted average price of $0.1318 per share. Sale prices ranged from $0.1300 to $0.1364 per share. The sales were made under a Rule 10b5-1 trading plan Cortegoso adopted on June 17, 2026.
Cortegoso’s reported beneficial ownership was 459,537 shares, or 0.86% of the class, based on 53,468,409 shares outstanding as of October 2, 2026. He had ceased to be a beneficial owner of more than 5% of the common stock.
Stardust Power Inc. (SDST) is amending its existing at-the-market equity program with B. Riley Securities to reflect updated limits under General Instruction I.B.6 of Form S-3. Based on its current public float, the company may now offer and sell additional common stock with an aggregate offering price of up to $6,076,872 from time to time through the agent under the Sales Agreement. The company notes that, during the 12 months up to and including this amendment, it has already sold $5,793,011 of securities under the same instruction, and any future increase in capacity would require another supplement or amendment.
Stardust Power Inc. (SDST) reported that on September 22, 2026 it filed Amendment No. 2 to its prospectus supplement for an at-the-market equity program under its Form S-3 shelf registration. The amendment updates the maximum number of common stock “Placement Shares” that may be issued under the At Market Issuance Sales Agreement with B. Riley Securities, Inc. to cover up to an additional aggregate of $6,076,872 of Placement Shares.
The Placement Shares will be issued and sold by the company pursuant to the existing S-3 registration statement that was declared effective on April 16, 2026 and previously supplemented on May 8, 2026 and September 17, 2026. A legal opinion from Thompson Hine LLP regarding the validity of the Placement Shares is included as an exhibit.
Stardust Power Inc. (SDST) is the issuer for which a shareholder, Charlotte Nangoloshi, has filed a notice of proposed sale of restricted securities under Rule 144. The filing reports an intention to sell 30,002 shares of common stock that arose from an RSU grant vesting on July 8, 2024, with Raymond James & Associates, Inc. listed as the broker.
Stardust Power Inc. (SDST) disclosed that on September 11, 2026 it received a Nasdaq notice that its common stock no longer meets the $1.00 minimum bid price requirement, after trading below that level for 30 consecutive business days from July 30 through September 10, 2026.
Nasdaq has given the company 180 calendar days, until March 10, 2027, to regain compliance, generally by having a closing bid of at least $1.00 for at least ten consecutive business days; the notice states there is no immediate effect on the current Nasdaq Capital Market listing. As previously disclosed, the company also has until October 21, 2026 to regain compliance with Nasdaq’s $35,000,000 market value of listed securities requirement. The notice explains that a reverse stock split is one potential path to cure, outlines conditions for a possible second 180-day compliance period, and notes that failure to regain compliance could lead to a delisting determination that the company could appeal to a Nasdaq Hearings Panel.
Stardust Power Inc. (SDST) reported that Chief Technical Officer Pablo Cortegoso sold 123,614 shares of common stock on September 16, 2026 in an open market or private transaction at a weighted average price of $0.1318 per share, with individual trade prices ranging from $0.1300 to $0.1364. The sale was made pursuant to a Rule 10b5-1(c)(1) trading plan adopted on June 17, 2026, and Cortegoso now holds 462,973 shares of Stardust Power common stock directly.
Stardust Power Inc. (SDST) reported that Chief Operating Officer Chris Edward Celano sold 739 shares of common stock on September 16, 2026 at a weighted-average price of $0.1394 per share. According to the footnote, the sale was made to cover a tax withholding obligation from the settlement of restricted stock units.
After this transaction, Celano directly holds 101,004 shares of Stardust Power common stock. No transactions are reported as being made under a Rule 10b5-1 trading plan.
Stardust Power Inc. (SDST) reported insider equity activity by Chief Financial Officer Devasper Udaychandra. On September 15, 2026, 8,245 Restricted Stock Units vested and were settled into 8,245 common shares, as part of a 98,948 RSU grant that vests quarterly over three years beginning July 8, 2024. On September 16, 2026, the CFO sold 3,726 common shares at $0.1424 per share to cover the tax withholding obligation related to this vesting. No Rule 10b5-1 trading plan is reported.