Stardust Power Inc. Faces Nasdaq Delisting After Failing to Meet $50 Million Market Value Requirement
Reuters
Oct 04
Stardust Power Inc. Faces Nasdaq Delisting After Failing to Meet $50 Million Market Value Requirement
**Stardust Power Inc. Faces Nasdaq Delisting Over Market Value Rule** Stardust Power Inc. announced it has received a delisting determination letter from the Nasdaq Listing Qualifications Department after failing to meet the minimum market value of listed securities requirement for 180 consecutive days. Despite previously regaining compliance with market value of publicly held shares and minimum bid price rules, the company did not satisfy the 50 million market value threshold required under Nasdaq Listing Rule 5450(b)(A)$. Stardust Power intends to request a hearing before a Nasdaq Hearings Panel, which will temporarily halt the delisting process while the company presents its plan to regain compliance or potentially transfer to the Nasdaq Capital Market tier.
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