Stardust Power Announces Q1 2026 Financial Results
Stardust Power Inc. (Nasdaq: SDST) announced its financial results for the quarter ended March 31, 2026, and provided an update on its lithium refinery project in Muskogee, Oklahoma. Key business updates include securing an air quality construction permit, entering into a Letter of Intent for up to $150 million in project-level financing, and expanding its domestic feedstock pipeline. The company reported a net loss of $5.2 million for the quarter, largely due to warrant liabilities and debt financing expenses, and held approximately $1.2 million in cash and cash equivalents.
MAY 9·Stock Titan→
Stardust Power Inc. Reports Material Event [8-K]
Stardust Power Inc. announced it has entered into an At Market Issuance Sales Agreement with B. Riley Securities Inc. This agreement allows Stardust Power to sell up to $5 million of its common stock on the Nasdaq Capital Market through an at-the-market program. The net proceeds from these sales are intended for general corporate purposes.
MAY 1·TipRanks▼
Stardust Power Receives Nasdaq Noncompliance Delisting Notice
Stardust Power (SDST) has received a Nasdaq noncompliance delisting notice for failing to meet the minimum market value requirement and has until October 21, 2026, to regain compliance. Despite this, the company's proposed lithium refinery in Oklahoma is receiving strong state support, highlighting its potential for job creation and economic growth. An analyst maintains a Buy rating on SDST stock with a $9.00 price target, although TipRanks' AI Analyst, Spark, rates it Neutral due to weak financial performance and bearish technicals.
