Stardust Power Inc. Receives Nasdaq Notice for Low Share Price

What Happened

• On September 11, 2026, Stardust Power Inc. (SDST) received a Nasdaq Notice saying the company no longer satisfies Nasdaq Listing Rule 5550(a)(2) because the closing bid price was below $1.00 for 30 consecutive business days (July 30, 2026–September 10, 2026). The Notice does not have an immediate effect and SDST common stock continues to trade on The Nasdaq Capital Market under the symbol "SDST."
• Nasdaq has given a 180-calendar-day compliance period to regain the minimum $1.00 bid price requirement, which runs through March 10, 2027. If the stock’s closing bid is at least $1.00 for ten consecutive business days during this period, Nasdaq will confirm compliance. A reverse stock split may be used to cure the deficiency but must be completed no later than ten business days prior to March 10, 2027.
• The company previously disclosed (in an April 24, 2026 Nasdaq letter) that it did not meet the $35,000,000 market value of listed securities requirement (Nasdaq Listing Rule 5550(b)(2)) and has until October 21, 2026 to regain that standard.

Key Details

• Notice date: September 11, 2026; deficiency period cited: July 30–September 10, 2026.
• Rule cited: Nasdaq Listing Rule 5550(a)(2) (minimum $1.00 bid price); compliance deadline: March 10, 2027 (180 days).
• Earlier Nasdaq notice (April 24, 2026) cited market value below $35,000,000 with an October 21, 2026 deadline.
• If not cured by March 10, 2027, the company may be eligible for an additional 180-day period only if it meets other listing standards and notifies Nasdaq of its intent to cure (e.g., via reverse split); otherwise Nasdaq may move to delist and the company can appeal.

Why It Matters

• This notice signals a real risk to Stardust’s continued Nasdaq listing if the company does not restore its share price or otherwise meet listing standards. Delisting could reduce liquidity, limit access to capital markets, and affect shareholder value.
• The company can regain compliance by achieving a $1.00 closing bid for 10 consecutive business days or by taking actions such as a reverse stock split (subject to Nasdaq timing rules). There is no assurance the company will succeed, and investors should monitor future filings and market developments.