Stardust Power Amends 10-K, Confirms NASDAQ Listings for SDST, SDSTW

TL;DR

**Stardust Power's 10-K/A is a routine compliance update, signaling stability but offering no new catalysts for the stock.**

AI Summary

Stardust Power Inc. filed a 10-K/A Amendment No. 1 for the fiscal year ended December 31, 2024, primarily to amend its annual report. The filing confirms Stardust Power's status as a registrant with common stock (SDST) and redeemable warrants (SDSTW) listed on The NASDAQ Global Market. While specific revenue and net income figures are not detailed in the provided excerpt, the amendment indicates the company has filed all required reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months. The company's business address is now listed as 15 E. Putnam Ave, Suite 378, Greenwich, CT 06830, with a telephone number of (800) 742-3095. The amendment also clarifies the exercise price for the redeemable warrants at $11.50 per share. This filing primarily serves to update and correct information in the original 10-K, ensuring regulatory compliance and transparency for investors regarding its corporate structure and reporting obligations.

Why It Matters

This 10-K/A filing is crucial for investors as it confirms Stardust Power Inc.'s ongoing compliance with SEC reporting requirements, indicating a commitment to transparency. The clarification of its common stock (SDST) and redeemable warrants (SDSTW) on The NASDAQ Global Market, with a warrant exercise price of $11.50, provides essential details for current and potential shareholders. In the competitive landscape of primary smelting and refining of nonferrous metals, accurate and timely filings build investor confidence, distinguishing compliant companies from those with reporting deficiencies. Employees and customers benefit from the stability implied by regulatory adherence, suggesting a well-managed entity.

Risk Assessment

Risk Level: low — The risk level is low because this 10-K/A is an amendment to a previously filed annual report, primarily confirming regulatory compliance and updating corporate information rather than disclosing new adverse financial or operational events. The filing explicitly states Stardust Power Inc. has filed all required reports during the preceding 12 months, indicating good standing with the SEC.

Analyst Insight

Investors should view this 10-K/A as a confirmation of Stardust Power's regulatory diligence, not a signal for immediate trading action. Maintain current positions if aligned with long-term strategy, but await more substantive operational or financial news for significant investment decisions.

Key Numbers

• $0.0001 — Common Stock Par Value (Par value per share of Stardust Power's common stock.)
• $11.50 — Warrant Exercise Price (The price at which each whole redeemable warrant can be exercised for one share of common stock.)
• 2024-12-31 — Fiscal Year End (The period covered by the annual report being amended.)
• 2025-07-11 — Filing Date (The date the 10-K/A Amendment No. 1 was filed with the SEC.)

Key Players & Entities

• Stardust Power Inc. (company) — Registrant filing the 10-K/A
• SEC (regulator) — Recipient of the 10-K/A filing
• The NASDAQ Global Market (company) — Exchange where SDST and SDSTW are listed
• Global Partner Acquisition Corp II (company) — Former name of Stardust Power Inc.
• $0.0001 (dollar_amount) — Par value per share of Common Stock
• $11.50 (dollar_amount) — Exercise price for redeemable warrants
• December 31, 2024 (date) — Fiscal year end for the report
• July 11, 2025 (date) — Date the 10-K/A was filed
• 001-39875 (regulator) — Commission file number
• 99-3863616 (regulator) — I.R.S. Employer Identification Number

FAQ

Industry Context

Stardust Power Inc. operates within the nonferrous metals primary smelting and refining sector (SIC 3330). This industry is capital-intensive and subject to global commodity price fluctuations, environmental regulations, and technological advancements in extraction and refining processes. Competition often comes from large, established players with significant economies of scale and access to raw materials.

Regulatory Implications

The filing of a 10-K/A highlights the company's commitment to regulatory compliance and transparency. Investors should note that amendments can indicate a need for closer scrutiny of the original filing's disclosures and the reasons for the correction or update.

What Investors Should Do

1. Review the specific amendments made in the 10-K/A.
2. Monitor the exercise of SDSTW warrants.

Key Dates

• 2024-12-31: Fiscal Year End — Marks the end of the reporting period for the annual report being amended.
• 2025-07-11: Filing Date of 10-K/A Amendment No. 1 — Indicates the date the company submitted its first amendment to the annual report, suggesting corrections or updates to the original filing.

Glossary

10-K/A

An amended annual report filed with the SEC, used to correct or supplement information previously filed in a Form 10-K. (This filing is an amendment to Stardust Power Inc.'s annual report, indicating updates to its previously submitted financial and operational data.)

Common Stock Par Value

A nominal value assigned to a share of stock by the company's charter, often a very small amount. (Stardust Power Inc.'s common stock has a par value of $0.0001 per share, which is a standard accounting practice and has minimal impact on market valuation.)

Redeemable Warrants

Financial instruments that give the holder the right, but not the obligation, to purchase a company's stock at a specified price (exercise price) before a certain expiration date. (Stardust Power Inc. has redeemable warrants (SDSTW) listed on NASDAQ, with an exercise price of $11.50, which are potential sources of future capital if exercised.)

Section 13 or 15(d) of the Securities Exchange Act of 1934

Sections of the Exchange Act that mandate periodic reporting requirements for publicly traded companies, including annual (10-K) and quarterly (10-Q) reports. (The filing confirms Stardust Power Inc. has met its ongoing reporting obligations under these sections, demonstrating compliance with regulatory requirements.)

Year-Over-Year Comparison

As this is an amendment to the 2024 10-K, a direct year-over-year comparison of key metrics like revenue growth, net income, or margins is not possible from this filing alone. The amendment primarily serves to correct or update information from the original 10-K filing for the fiscal year ended December 31, 2024, rather than presenting a comparative analysis to the prior year's performance.

Filing Details

This Form 10-K/A (Form 10-K/A) was filed with the SEC on July 11, 2025 regarding Stardust Power Inc. (SDSTW).

View full filing on EDGAR

View Full Filing

View this 10-K/A filing on SEC EDGAR