AGM/EGMJun 3, 2026, 04:46 PM
Stardust Power Stockholders Approve Share Issuance, Equity Plan; Reject Charter Amendment
AI Summary
Stardust Power Inc. stockholders voted on five proposals at their Annual Meeting. Shareholders elected six director nominees and ratified KNAV CPA LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. They also approved the issuance of common stock to Lind Global Asset Management XIII LLC for Nasdaq Listing Rule compliance and an amendment and restatement of the Company's 2024 Equity Incentive Plan. However, stockholders did not approve an amendment to the Company’s Certificate of Incorporation intended to clarify the director removal provision.
Key Highlights
- Six director nominees were elected to serve one-year terms.
- KNAV CPA LLP was ratified as the independent registered public accounting firm with 6,546,354 votes For.
- Issuance of common stock to Lind Global Asset Management XIII LLC was approved with 3,311,967 votes For.
- Amendment of the Certificate of Incorporation to clarify director removal was not approved, despite 3,495,722 votes For.
- Amendment and restatement of the 2024 Equity Incentive Plan was approved with 3,251,765 votes For.
- The Amended and Restated 2024 Equity Incentive Plan is filed as Exhibit 10.1.
Price Impact
More from SDST