STARDUST POWER INC: Ownership Structure Update
Stardust Power Inc., a company listed on the Nasdaq under the Industrials sector, has recently updated its ownership structure through a Schedule 13D/A amendment filed on October 2, 2026. This filing indicates a significant change in the ownership stakes of several reporting parties.
The amendment reveals that Roshen Pujari, 7636 Holdings, Energy Transition Investors, and VIKASA Clean Energy have collectively reduced their beneficial ownership in Stardust Power Inc. to approximately 3.5% of the outstanding shares. This reduction signifies that these parties no longer hold more than five percent of the company’s common stock, a threshold that necessitates the filing of a Schedule 13D/A amendment.
The filing, which supersedes earlier submissions, restates the current ownership structure without reporting any transactions in the company’s common stock by the filing parties in the preceding 60 days. This suggests a period of stability in the ownership stakes of these entities.
Stardust Power Inc., with a market capitalization of $1,330,000 USD, has experienced significant volatility in its stock price over the past year. The close price on October 1, 2026, was $0.085, marking the 52-week low for the company. In contrast, the 52-week high was recorded at $7.67 on October 14, 2025. The company’s price-to-earnings ratio stands at -0.05, reflecting its current financial performance.
As a global partner acquisition corporation, Stardust Power Inc. aims to acquire businesses and assets through various means, including mergers, capital stock exchanges, asset acquisitions, stock purchases, and reorganizations. The company’s strategic focus on acquisition aligns with its listing on the Nasdaq stock exchange, providing a platform for potential growth and expansion.
The recent amendment to the Schedule 13D/A filing does not disclose any other significant corporate actions or material events, indicating a period of relative stability in the company’s operations and strategic direction. Stakeholders and potential investors are encouraged to monitor future filings for any developments that may impact the company’s trajectory.
In summary, the recent ownership update for Stardust Power Inc. highlights a reduction in the stakes held by key reporting parties, while the company continues to navigate its strategic acquisition goals within the industrials sector.
