Welcome to our dedicated page for Stardust Power SEC filings (Ticker: sdstw), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on Stardust Power's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into Stardust Power's regulatory disclosures and financial reporting.
Stardust Power Inc. is a development-stage U.S. lithium refinery developer with no revenue. The company reported a net loss of $3.704 million for the three months and $7.514 million for the six months ended June 30, 2025, and had an accumulated deficit of $60.133 million. Cash increased to $2.6068 million and total assets were $11.3035 million, while total liabilities were $15.1909 million, producing a stockholders' deficit of $3.887 million.
The company raised capital through multiple equity financings (a January 2025 public offering that raised about $5.75 million, a March inducement exercise that raised about $2.97 million, and a June 2025 offering that raised about $4.52 million) and recorded $8.402 million net cash from financing activities in the six months. Capital project costs rose to $5.266 million, indicating facility development progress. Management discloses substantial doubt about the company’s ability to continue as a going concern and states existing cash and available issuance capacity are expected to be inadequate to meet working capital and capital expenditure requirements for at least the next twelve months.
On 23 June 2025, Chief Technical Officer Pablo Cortegoso filed Amendment No. 1 to his Schedule 13D covering Stardust Power Inc. (symbol SDSTW). The filing confirms that Cortegoso beneficially owns 5,006,616 common shares with sole voting and dispositive power, equal to 8.322 % of the 60,160,804 shares outstanding reported in the company’s 10-Q dated 14 May 2025.
The amendment records two recent, non-discretionary “sell-to-cover” transactions executed under a Rule 10b5-1 trading plan adopted on 13 December 2024:
- 16 June 2025: 2,355 shares sold to satisfy tax withholding on RSU vesting.
- 20 June 2025: 173,610 shares sold to cover tax obligations upon stock delivery.
No other trades were effected in the past 60 days. Source of funds is listed as “OO” (other) and the filer acts individually, with no group affiliations or pending legal matters disclosed. All other provisions of the original Schedule 13D filed 15 July 2024 remain unchanged.
The filing maintains transparency on insider ownership, showing Cortegoso’s continuing significant stake while clarifying that recent share sales were strictly for tax purposes.
Stardust Power Chief Financial Officer Udaychandra Devasper reported a significant insider transaction on Form 4, executing a sale of 160,450 shares of Common Stock on June 20, 2025, at a weighted average price of $0.1856 per share.
Key transaction details:
- The sale was specifically to cover tax withholding obligations related to stock settlement
- Transaction price range: $0.1801 - $0.1875 per share
- Following the transaction, Devasper retains beneficial ownership of 598,655 shares held directly
- The shares were sold in multiple transactions, with the reporting person obligated to provide detailed price information upon request
This transaction appears to be a routine tax-related sale rather than a discretionary divestment, suggesting no significant change in the CFO's long-term position in the company.
Insider Trading Alert: Pablo Cortegoso, Chief Technical Officer of Stardust Power, executed a significant stock transaction on June 20, 2025. The insider sold 173,610 shares of common stock at a weighted average price of $0.1861 per share.
The transaction was specifically conducted to cover tax withholding obligations related to the settlement of Common Stock. The sales were executed through multiple transactions within a price range of $0.1801 to $0.1889 per share.
Following this transaction, Cortegoso continues to maintain direct ownership of 5,006,616 shares of Stardust Power common stock. The Form 4 was filed on June 28, 2025, with the signature executed by Udaychandra Devasper acting as attorney-in-fact for Pablo Cortegoso.
Stardust Power Inc. (Nasdaq: SDST) filed a Form 8-K dated 19 June 2025 reporting the resignation of director Martyn Buttenshaw from the Board, effective the same day. The company states the departure was not the result of any disagreement concerning operations, policies or practices. No successor, compensation changes or additional governance actions were disclosed. Aside from standard header information on the company’s common stock and warrant listings, the filing contains no financial statements, earnings data or strategic developments.