Stardust Power sets 1-for-10 reverse stock split
Stardust Power Inc. is implementing a 1-for-10 reverse stock split of its common stock.
Rhea-AI Filing Summary
Stardust Power Inc. is implementing a 1-for-10 reverse stock split of its common stock. The company filed a certificate of amendment in Delaware after stockholders had previously approved the split and authorized the board to set the final ratio and timing.
The reverse split will take effect on September 8, 2025 at 12:01 a.m. Eastern Time, with shares beginning to trade on a split-adjusted basis on the Nasdaq Global Market that same day. Every 10 issued and outstanding shares of common stock will be combined into one share, while the par value and other terms of the common stock will remain unchanged. No fractional shares will be issued; instead, stockholders entitled to a fraction will receive a cash payment based on the closing price on September 5, 2025 multiplied by their post-split fractional interest.
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Insights
Stardust Power is consolidating its share count via a 1-for-10 reverse split.
Stardust Power Inc. is carrying out a 1-for-10 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on September 8, 2025. This means that for every 10 shares currently outstanding, investors will hold one share after the split, while the par value and other terms of the common stock stay the same.
The shares are expected to begin trading on the Nasdaq Global Market on a reverse-split-adjusted basis on September 8, 2025. Importantly, the split does not itself change the company’s overall market value; it primarily changes the number of shares and the per-share price mechanically.
Stockholders who would otherwise receive fractional shares will instead be paid cash, calculated using the closing price on September 5, 2025 multiplied by each holder’s post-split fractional interest. Subsequent company filings and market trading after the effective date will show how the new share structure is reflected in the stock’s price and liquidity.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Stardust Power Inc. (SDST) announce in this 8-K filing?
Stardust Power Inc. disclosed that it is effecting a 1-for-10 reverse stock split of its outstanding common stock, implemented through a certificate of amendment to its Certificate of Incorporation filed in Delaware.
When will the Stardust Power 1-for-10 reverse stock split take effect?
The reverse stock split will become effective on September 8, 2025 at 12:01 a.m. Eastern Time, and the common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Global Market that same day.
Did Stardust Power stockholders approve the reverse stock split?
Yes. The company’s stockholders previously approved the reverse stock split and granted the board of directors authority to determine the exact split ratio and timing at the annual meeting of stockholders held on June 9, 2025.
Does the reverse stock split change Stardust Power’s common stock terms or par value?
No. The filing states that the par value and other terms of Stardust Power’s common stock will not be affected by the 1-for-10 reverse stock split.
AI-generated analysis. How Rhea-AI works. Not financial advice.