Stardust Power Inc. (SDST) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 297.52% of current shares
Recent Dilution: 487.1% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
9.9M
Potential Supply
29M
Additional shares possible
Splits
None
Past 2 years

Summary

SDST currently has 9.91M outstanding shares. with significant dilution risk as 29.5M authorized shares could dilute existing holders by 297.5%. The company has significantly diluted shareholders by 487.1% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 9.9M shares outstanding

9.9M 29M
Apr 15, 2026

POS AM filing: This POS AM filing from Stardust Power Inc. relates to an offering of common stock by selling stockholders, as described in the prospectus and any accompanying supplements.

10M 29M
Apr 08, 2026

RW filing: The Registrant no longer intends to proceed with a registered public offering pursuant to such registration statement and represents that no securities have been sold pursuant to the Registration Statement.

10M 42M
Mar 25, 2026

10-K filing | 10.0M shares outstanding

10M 42M
Dec 31, 2025

8-K filing: Stardust Power Inc. entered into a Securities Purchase Agreement with Lind Global Asset Management XIII LLC, receiving $4.0 million in gross proceeds for a Senior Secured Convertible Promissory Note and a Common Stock Purchase Warrant for 419,162 shares. ($4.0M proceeds)

9.8M 43M
Nov 13, 2025

10-Q filing | 9.8M shares outstanding

9.8M 43M
Oct 30, 2025

8-K filing: Stardust Power Inc. entered into a Warrant Exchange Agreement with an institutional investor, exchanging warrants to purchase 958,400 shares of common stock for 730,689 newly issued shares of common stock.

85M 0
Aug 13, 2025

10-Q filing | 84.6M shares outstanding

85M 0
Jul 25, 2025

S-3 filing: The filing registers an indeterminate number of common stock, preferred stock, warrants, purchase contracts, units, subscription rights, and an indeterminate principal amount of debt securities, with an aggregate initial offering price not to exceed $100,000,000.

61M 0
Jun 18, 2025

8-K filing: Stardust Power Inc. completed a public offering of 21,500,000 shares of common stock at $0.20 per share, with gross proceeds of approximately $4,300,000, and granted the underwriter an over-allotment option to purchase up to 3,225,000 additional shares. ($4.3M proceeds)

61M 0
Jun 11, 2025

S-1 filing: Stardust Power, Inc. is offering up to 8,139,346 shares of common stock and up to 8,139,346 pre-funded warrants in a firm commitment public offering.

61M 0
May 14, 2025

10-Q filing | 60.2M shares outstanding

60M 0
May 08, 2025

POS AM filing: Stardust Power Inc. is offering up to 6,500,000 shares of common stock by B. Riley Principal Capital II, LLC, who may sell the shares at varying prices. The company may receive up to $50,000,000 in gross proceeds from sales of common stock to B. Riley Principal Capital II under a purchase agreement.

58M 0
May 01, 2025

S-1 filing: This S-1 filing relates to the resale of up to 13,024,513 shares of Common Stock by selling stockholders.

58M 0
Apr 30, 2025

POS AM filing: This prospectus relates to the issuance by Stardust Power Inc. of up to 10,566,596 shares of common stock issuable upon the exercise of warrants, and the offer and resale from time to time by the selling securityholders of up to 55,190,875 shares of common stock and 5,566,667 private warrants.

58M 0
Apr 17, 2025

8-K filing: Roshan Pujari transferred 2,880,000 shares of Stardust Power Inc.'s common stock to an irrevocable trust for the benefit of a family member on April 16 and 17, 2025, resulting in the company no longer qualifying as a controlled company under Nasdaq rules.

58M 810K
Mar 27, 2025

10-K filing | 57.9M shares outstanding

58M 810K
Mar 17, 2025

8-K filing: Stardust Power Inc. entered into an agreement with a holder for the exercise of existing warrants to purchase 4,792,000 shares at $0.62 per share in exchange for new warrants to purchase 9,584,000 shares, with expected gross proceeds of $3 million. ($3.0M proceeds)

48M 11M
Feb 10, 2025

8-K filing: Stardust Power Inc. executed an exclusive license agreement with KMX Technologies, Inc., issuing 500,000 shares of common stock as a royalty payment.

48M 11M
Jan 28, 2025

8-K filing: Stardust Power Inc. consummated a public offering of 4,792,000 shares of common stock and common stock purchase warrants to purchase up to 4,792,000 shares of common stock at a combined price of $1.20 per share and warrant, resulting in gross proceeds of approximately $5.75 million before deducting fees and expenses. ($5.75M proceeds)

48M 11M
Jan 15, 2025

S-1 filing: Stardust Power Inc. is offering up to 4,646,840 shares of common stock, pre-funded warrants to purchase up to 4,646,840 shares of common stock, and common warrants to purchase up to 4,646,840 shares of common stock.

48M 11M
Dec 17, 2024

8-K filing: Stardust Power Inc. agreed to issue promissory notes for $1.8 million and agreed to issue $2.7 million in Common Stock and completed the purchase of land for $1.7 million.

45M 0
Nov 14, 2024

10-Q filing | 45.2M shares outstanding

45M 0
Oct 08, 2024

S-1 filing: This is an S-1 filing for a shelf registration of common stock by the company and selling stockholder with an aggregate commitment amount of $50,000,000.

48M 0
Oct 07, 2024

8-K filing: Stardust Power Inc. entered into a Common Stock Purchase Agreement with B. Riley Principal Capital II, allowing the company to sell up to $50,000,000 of newly issued common stock to B. Riley, and issued 63,694 commitment shares to B. Riley as consideration for their commitment.

48M 0
Aug 14, 2024

10-Q filing | 47.7M shares outstanding

48M 0
Aug 09, 2024

S-1/A filing: The filing discusses the consummation of an initial public offering of 30,000,000 units at $10.00 per unit and a private placement of 5,566,667 Private Warrants at $1.50 per warrant.

47M 0
Aug 01, 2024

S-1 filing: This is an S-1 filing for the registration of common stock and warrants by the company and selling securityholders.

47M 33M
Jul 12, 2024

8-K filing: GPAC II consummated PIPE Investment of 1,077,541 shares at $9.35 per share, adopted new bylaws and certificate of incorporation, and entered into agreements regarding registration rights, lock-up, stockholder rights, and indemnification. ($10.08M proceeds)

9.2M 0
May 15, 2024

10-Q filing | 9.2M shares outstanding

9.2M 0
Apr 08, 2024

8-K filing: On April 5, 2024, Global Partner Sponsor II LLC converted 7,400,000 Class B ordinary shares into Class A ordinary shares on a one-for-one basis, resulting in a total of 9,194,585 Class A Ordinary Shares and 100,000 Class B Ordinary Shares outstanding.

9.3M 0
Mar 19, 2024

10-K filing | 1.8M shares outstanding

1.8M 0
Jan 16, 2024

8-K filing: Global Partner Acquisition Corp II held an extraordinary general meeting to approve amendments to the company's amended and restated memorandum and articles of association, including an extension of the date to consummate a business combination and allowing for the conversion of Class B ordinary shares into Public Shares.

3.9M 0
Nov 14, 2023

10-Q filing | 3.9M shares outstanding

3.9M 0
Aug 15, 2023

10-Q filing | 3.9M shares outstanding

3.9M 0
May 16, 2023

10-Q filing | 3.9M shares outstanding

3.9M 0
Mar 31, 2023

10-K filing | 3.9M shares outstanding

3.9M 0
Jan 10, 2023

8-K filing: Global Partner Acquisition Corp II filed a definitive proxy statement for an extraordinary general meeting to extend the date to complete an initial business combination to April 14, 2023, with potential monthly extensions thereafter.

30M 0
Nov 07, 2022

10-Q filing | 30.0M shares outstanding

30M 0
Aug 10, 2022

10-Q filing | 30.0M shares outstanding

30M 0
May 12, 2022

10-Q filing | 30.0M shares outstanding

30M 0
Mar 18, 2022

10-K filing | 30.0M shares outstanding

30M 0
Nov 12, 2021

10-Q filing | 30.0M shares outstanding

30M 0
Aug 11, 2021

10-Q filing | 30.0M shares outstanding

30M 0
May 20, 2021

10-Q filing | 30.0M shares outstanding

30M 0
Mar 11, 2021

10-K filing | 30.0M shares outstanding

30M 0
Jan 21, 2021

8-K filing: Global Partner Acquisition Corp II completed its IPO of 30,000,000 units at $10.00 per unit, generating gross proceeds of $300,000,000, and also completed the private sale of 5,566,667 warrants to Global Partner Sponsor II LLC at $1.50 per warrant, generating proceeds of $8,350,000. ($308.35M proceeds)

7.2M 0
Jan 08, 2021

S-1/A filing: Global Partner Acquisition Corp II is offering 25,000,000 units at $10.00 per unit in an initial public offering. Each unit consists of one Class A ordinary share, one-sixth of one detachable redeemable warrant, and the contingent right to receive one-sixth of one distributable redeemable warrant.

7.2M 30M
Dec 21, 2020

S-1 filing: Global Partner Acquisition Corp II is offering 25,000,000 units, each consisting of one Class A ordinary share, one-sixth of one detachable redeemable warrant, and the contingent right to receive one-sixth of one distributable redeemable warrant, at a price of $10.00 per unit in an initial public offering.

7.2M 30M
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