Home / Going-concern warnings / Stardust Power Inc.
Filed 2026-03-25 路 Form 10-K 路 Accession 0001493152-26-012709 nano
Price before filing: $2.45 (2026-03-24 close, split/dividend-adjusted)
Market cap at flag: $25.9M (2026-03-25) 路 Latest: $329,701 (2026-10-16)
| Window | SDST | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +5.3% | +9.3% | -4.0% | 2026-04-24 |
| 90 days | -32.2% | +12.6% | -44.8% | 2026-06-23 |
| 180 days | -94.8% | +19.0% | -113.8% | 2026-09-21 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 5 insiders sold $62K (5 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-03-20 | CORTEGOSO PABLO Chief Technical Officer | Sale | 290 | $2.29 | $664 | no | Form 4 |
| 2026-03-20 | Celano Chris Edward Chief Operating Officer | Sale | 3,457 | $2.32 | $8K | no | Form 4 |
| 2026-03-20 | Czachor Bruce GC, CCO and Secretary | Sale | 17,655 | $2.29 | $40K | no | Form 4 |
| 2026-03-20 | DEVASPER UDAYCHANDRA Chief Financial Officer | Sale | 4,507 | $2.31 | $10K | no | Form 4 |
| 2026-03-20 | PUJARI ROSHEN CEO and Chairman, Director, 10% owner | Sale | 1,132 | $2.31 | $3K | no | Form 4 |
| 2026-03-25: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-25 to 2026-04-24. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These conditions raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: KNAV CPA LLP
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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