Stardust Power Inc. 8-K

What Happened

• On April 24, 2026, Stardust Power Inc. filed an 8‑K announcing that Nasdaq’s listing qualifications staff notified the company it did not meet the minimum market value of listed securities (MVLS) requirement under Nasdaq Listing Rule 5550(b)(2). The company has 180 calendar days from the notice — until October 21, 2026 — to regain compliance. The notice does not have any immediate effect on the listing of the company’s securities.

Key Details

• Nasdaq MVLS threshold: $35,000,000 market value of listed securities; to meet MVLS via price performance, the market value must close at $35M+ for at least 10 consecutive business days during the 180‑day period.
• Alternative continued‑listing standards under Rule 5550(b): stockholders’ equity of at least $2.5M (5550(b)(1)) or net income from continuing operations of $500,000 in the most recent fiscal year or in two of the three most recent fiscal years (5550(b)(3)).
• If compliance is not regained by Oct 21, 2026, Nasdaq will issue written notification that the securities are subject to delisting; the company may appeal to a hearing panel, which can grant an additional six‑month period during an appeal.
• Separately, the filing reports significant support from the Office of the Governor of Oklahoma and the Oklahoma Department of Commerce for the company’s proposed Lithium Refinery Project, highlighting potential jobs, capital investment and local economic benefits.

Why It Matters

• For investors, the Nasdaq notice is material because failure to regain compliance could lead to delisting proceedings, potentially reducing liquidity and market visibility for SDST shares. The company has a defined window (through Oct 21, 2026) and concrete compliance options to address the issue.
• The announced state support for the Oklahoma lithium refinery is a positive operational development noted in the filing: it signals local government backing that could aid permitting, development or community relations if the project proceeds, but the filing does not provide timelines, financing details, or guarantees of project completion.