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Stardust Power Inc. received a notice from Nasdaq on September 11, 2026, indicating it no longer satisfies the minimum…
GPACUGeneral Purpose Acquisition Corp.
Stardust Power Inc. received a notice from Nasdaq on September 11, 2026, indicating it no longer satisfies the minimum bid price requirement of $1.00 per share due to its closing price over the preceding 30 business days. The company has an 180-day compliance period until March 10, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. This follows a previous notice regarding the market value requirement with a deadline of October 21, 2026. The filing does not announce a specific reverse stock split but notes that such an action would be required if delisting appears imminent. Stardust Power Inc. operates in the power generation industry.