Stardust Power announces 1-for-10 reverse stock split

Stardust Power (SDST) announced that its Board of Directors has approved a 1-for-10 reverse stock split of the company’s common stock. The company’s stockholders previously approved the reverse stock split proposal at the Annual Meeting of Stockholders held on June 9, 2025, authorizing the Board to determine the exact ratio and timing. The reverse stock split will take effect at 12:01 a.m. Eastern Time on September 8, 2025, and beginning with that day’s market open, Stardust Power’s common stock will continue trading on Nasdaq on a split-adjusted basis under its existing ticker symbol, “SDST.” At the Effective Time, every ten shares of issued and outstanding common stock will be automatically combined into one share of common stock. The par value per share will remain unchanged at $0.0001. Following the split, the number of outstanding shares will be reduced to approximately 8,458,975. A new CUSIP number (854936 200) will apply, and no fractional shares will be issued, stockholders otherwise entitled to receive a fractional share will instead receive a cash payment.