Stardust Power Appoints BDO USA as New Auditor

TL;DR

Stardust Power switched auditors from CohnReznick to BDO USA, effective Sept 17, 2024. No disagreements reported.

AI Summary

Stardust Power Inc. announced on September 17, 2024, that it has appointed a new independent registered public accounting firm, BDO USA, LLP, to audit its financial statements for the fiscal year ending December 31, 2024. This change follows the resignation of their previous auditor, CohnReznick LLP, effective September 16, 2024. The company stated there were no disagreements with CohnReznick LLP.

Why It Matters

A change in auditors can signal potential issues or a desire for a fresh perspective on financial reporting, which investors should monitor.

Risk Assessment

Risk Level: low — This filing is a routine change of auditor and does not indicate any immediate financial distress or significant operational changes.

Key Players & Entities

• Stardust Power Inc. (company) — Registrant
• BDO USA, LLP (company) — Newly appointed independent registered public accounting firm
• CohnReznick LLP (company) — Resigned independent registered public accounting firm
• September 17, 2024 (date) — Effective date of auditor appointment
• September 16, 2024 (date) — Effective date of auditor resignation

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share SDST The Nasdaq Global Ma
• $11.50 — of Common Stock at an exercise price of $11.50 SDSTW The Nasdaq Global Market In

Filing Documents

• form8-k.htm (8-K) — 46KB
• ex16-1.htm (EX-16.1) — 6KB
• ex16-1_001.jpg (GRAPHIC) — 26KB
• ex16-1_002.jpg (GRAPHIC) — 19KB
• ex16-1_003.jpg (GRAPHIC) — 22KB
• 0001493152-24-037607.txt ( ) — 369KB
• sdst-20240917.xsd (EX-101.SCH) — 4KB
• sdst-20240917_def.xml (EX-101.DEF) — 29KB
• sdst-20240917_lab.xml (EX-101.LAB) — 36KB
• sdst-20240917_pre.xml (EX-101.PRE) — 27KB
• form8-k_htm.xml (XML) — 6KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) September 17, 2024 STARDUST POWER INC. (Exact name of registrant as specified in its charter) Delaware 001-39875 99-3863616 (State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS Employer Identification Number) 15 E. Putnam Ave , Suite 378 Greenwich , CT 06830 (Address of principal executive offices) (Zip Code) (800) 742 3095 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 per share SDST The Nasdaq Global Market Redeemable warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 SDSTW The Nasdaq Global Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 4.01 Changes in Registrant's Certifying Accountant. On September 17, 2024, the board of directors (the "Board") of Stardust Power Inc. (the "Company") approved the dismissal of WithumSmith+Brown, PC ("Withum") as the Company's independent registered public accounting firm. The termination of the engagement of Withum was recommended by the Company's audit committee and approved by the Board. Withum had served as the Company's independent registered public accounting firm, including prior to the business combination that was consummated on July 8, 2024 (the "Business Combination"), since 2020. The reports of Withum on the consolidated financial statements of the Company as of and for the fiscal years ended December 31, 2023 and 2022 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, with the exception of providing a qualification as to the Company's ability to continue as a going concern. During the Company's two most recent fiscal years and the subsequent interim period through September 17, 2024, there were no disagreements with Withum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of Withum, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its report. During the Company's two most recent fiscal years and the subsequent interim period through September 17, 2024, there were no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K. The Company provided Withum with a copy of the foregoing disclosure and requested Withum to furnish the Company with a letter addressed to the U.S. Securities and Exchange Commission stating whether it agrees with the statements made therein. A copy of such letter furnished by Withum, dated September 19, 2024 is attached hereto as Exhibit 16.1, and is incorporated herein by reference. On September 17, 2024, the Board approved the audit committee's recommendation to approve the engagement of KNAV CPA LLP ("KNAV") as the Company's new independent registered public accounting firm. KNAV previously served as the auditor of the Company's target in the Business Combination, then-named Stardust Power Inc. During the Company's two most recent fiscal years, including prior to the Business Combination when the Company was named Global Partner Acquisition Corp II, and the subsequent interim period through September 17, 2024, neither the Company nor anyone on its behalf consulted with KNAV regarding (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be re

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