STOCK-BASED COMPENSATION (Tables) - Stardust Power Inc And Subsidiary [Member]
|
9 Months Ended |
10 Months Ended |
Sep. 30, 2024 |
Dec. 31, 2023 |
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
| SCHEDULE OF RESTRICTED STOCK ACTIVITY |
Restricted
stock activity for the nine months ended September 30, 2024 and balances as at the end of September 30, 2024 were as follows:
SCHEDULE OF RESTRICTED STOCK ACTIVITY
| | |
Restricted Stock | |
| | |
Number of shares | | |
Weighted Average Grant-Date Fair Value | |
| Unvested as of December 31, 2023 | |
| 313,528 | | |
| 0.000002 | |
| Granted | |
| - | | |
| - | |
| Vested | |
| (188,117 | ) | |
| 0.000002 | |
| Forfeited | |
| - | | |
| - | |
| Unvested as of September 30, 2024 | |
| 125,411 | | |
$ | 0.000002 | |
|
Restricted
stock activity for the period between March 16, 2023 (inception) and December 31, 2023 and balances as at the end of December 31, 2023
were as follows:
SCHEDULE
OF RESTRICTED STOCK ACTIVITY
| | |
Restricted Stock | |
| | |
Number
of shares | | |
Weighted-Average
Grant-Date
Fair Value | |
| Granted | |
| 550,000 | | |
| 0.00001 | |
| Vested | |
| (381,875 | ) | |
| 0.00001 | |
| Forfeited | |
| (100,000 | ) | |
| 0.00001 | |
| Unvested as at December 31, 2023 | |
| 68,125 | | |
$ | 0.00001 | |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
Stock
option activity for the nine months ended September 30, 2024, and balances as at the end of September 30, 2024 were as follows:
SCHEDULE OF STOCK OPTION ACTIVITY
| | |
Number of
shares | | |
Weighted Average Grant-Date Fair Value | |
| Unvested as at December 31, 2023 | |
| 1,326,979 | | |
| 0.57 | |
| Granted | |
| - | | |
| - | |
| Vested | |
| (219,644 | ) | |
| 0.57 | |
| Forfeited | |
| (255,680 | ) | |
| 0.60 | |
| Unvested as at September 30, 2024 | |
| 851,655 | | |
| 0.56 | |
|
Stock
option activity for the period between March 16, 2023 (inception) and December 31, 2023 and balances as at the end of December 31, 2023
were as follows:
SCHEDULE
OF STOCK OPTION ACTIVITY
| | |
Stock Options | |
| | |
Number of shares | | |
Weighted-
Average
Grant-Date
Fair Value | | |
Aggregate
intrinsic value | |
| Granted | |
| 495,000 | | |
| 2.99 | | |
| | |
| Vested | |
| (6,667 | ) | |
| 3.50 | | |
| | |
| Forfeited | |
| (200,000 | ) | |
| 3.50 | | |
| | |
| Unvested as at December 31, 2023 | |
| 288,333 | | |
| 2.62 | | |
| 7,998,367 | |
|
| SCHEDULE OF COMPENSATION EXPENSE FOR RESTRICTED STOCK UNITS |
The
compensation expense for stock options was as follows:
SCHEDULE OF COMPENSATION EXPENSE FOR STOCK OPTION
| | |
September 30, 2024 | | |
September 30, 2023 | | |
Nine months ended September 30, 2024 | | |
Period from March 16, 2023 (inception) through September 30, 2023 | |
| | |
Three months ended | | |
| |
| | |
September 30, 2024 | | |
September 30, 2023 | | |
Nine months ended September 30, 2024 | | |
Period from March 16, 2023 (inception) through September 30, 2023 | |
| General and administrative expenses | |
| 22,221 | | |
| - | | |
| 139,945 | | |
| - | |
|
The
compensation expense for stock option was as follows for the period between March 16, 2023 (inception) and December 31, 2023:
SCHEDULE
OF COMPENSATION EXPENSE FOR STOCK OPTION
| | |
Period from
March 16,
2023
(inception)
through
December 31,
2023 | |
| General and administrative expenses | |
| 58,536 | |
|
| SCHEDULE OF FAIR VALUE ASSUMPTIONS |
The
weighted average fair value of options granted during period from March 16, 2023 (inception) through December 31, 2023 are provided below.
The fair value was estimated on the date of grant using the Black-Scholes pricing model with the assumptions indicated below:
SCHEDULE OF FAIR VALUE ASSUMPTIONS
| | |
2023 | |
| Expected option life (years) | |
| 5.07 - 5.93 years | |
| Expected volatility | |
| 60% - 70 | % |
| Risk-free interest rate at grant date | |
| 3.84 - 3.86 | % |
| Dividend yield | |
| 0 | % |
|
The
weighted-average fair value of option granted during period from March 16, 2023 (inception) through December 31, 2023 is provided below.
The fair value was estimated on the date of grant using the Black-Scholes pricing model with the assumptions indicated below:
SCHEDULE
OF FAIR VALUE ASSUMPTIONS
| | |
2023 | |
| Expected option life (years) | |
| 5.07 - 5.93 years | |
| Expected volatility | |
| 60% - 70 | % |
| Risk-free interest rate at grant date | |
| 3.84 - 3.86 | % |
| Dividend yield | |
| 0 | % |
|
| Twenty Twenty Four Equity Incentive Plan [Member] |
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
| SCHEDULE OF RESTRICTED STOCK ACTIVITY |
RSU
activity for the nine months ended September 30, 2024, and balances as at the end of September 30, 2024 were as follows:
SCHEDULE OF RESTRICTED STOCK ACTIVITY
| | |
Number of shares | | |
Weighted Average Grant-Date Fair Value | |
| Unvested as at December 31, 2023 | |
| - | | |
| - | |
| Granted | |
| 1,578,296 | | |
| 11.62 | |
| Vested | |
| (74,000 | ) | |
| 11.62 | |
| Forfeited | |
| - | | |
| - | |
| Unvested as at September 30, 2024 | |
| 1,504,296 | | |
| 11.62 | |
|
|
| SCHEDULE OF COMPENSATION EXPENSE FOR RESTRICTED STOCK UNITS |
The
compensation expense for RSUs was as
follows:
SCHEDULE
OF COMPENSATION EXPENSE FOR RESTRICTED STOCK UNITS
| | |
September 30, 2024 | | |
September 30, 2023 | | |
Nine months ended September 30, 2024 | | |
Period from March 16, 2023 (inception) through September 30, 2023 | |
| | |
Three months ended | | |
| |
| | |
September 30, 2024 | | |
September 30, 2023 | | |
Nine months ended September 30, 2024 | | |
Period from March 16, 2023 (inception) through September 30, 2023 | |
| General and administrative expenses | |
| 1,082,031 | | |
| - | | |
| 1,082,031 | | |
| - | |
|
|
| SCHEDULE OF ESTIMATED GRANT DATE FAIR VALUE OF PSU |
The estimated grant date fair value of the PSUs was
determined using a Monte Carlo simulation valuation model. Assumptions used in the valuation were as follows:
SCHEDULE OF ESTIMATED GRANT DATE FAIR VALUE OF PSU
| | |
Assumptions | |
| Fair value of Common Stock | |
$ | 11.62 | |
| Selected volatility | |
| 60 | % |
| Risk-free interest rate | |
| 3.42 | % |
| Contractual terms (years) | |
| 3.0 | |
|
|
| SCHEDULE OF PERFORMANCE SHARES UNITS ACTIVITY |
PSU activity for the nine months ended September
30, 2024, and balances as at the end of September 30, 2024 were as follows:
SCHEDULE
OF PERFORMANCE SHARES UNITS ACTIVITY
| | |
Number of shares | | |
Weighted Average Grant-Date Fair Value | |
| Unvested as at December 31, 2023 | |
| - | | |
| - | |
| Granted | |
| 506,596 | | |
| 6.73 | |
| Vested | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | |
| Unvested as at September 30, 2024 | |
| 506,596 | | |
| 6.73 | |
|
|
| SCHEDULE OF COMPENSATION EXPENSE FOR RESTRICTED STOCK UNITS |
The compensation expense for PSUs was as follows:
SCHEDULE
OF COMPENSATION EXPENSE FOR RESTRICTED STOCK UNITS
| | |
| | |
| | |
| | |
| |
| | |
Three months ended | | |
| |
| | |
September 30, 2024 | | |
September 30, 2023 | | |
Nine months ended September 30, 2024 | | |
Period from March 16, 2023 (inception) through September 30, 2023 | |
| General and administrative expenses | |
| 46,678 | | |
| - | | |
| 46,678 | | |
| - | |
|
|
| Restricted Stock Units (RSUs) [Member] |
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
| SCHEDULE OF RESTRICTED STOCK ACTIVITY |
RSU
activity for the nine months ended September 30, 2024, and balances as at the end of September 30, 2024 were as follows:
SCHEDULE OF RESTRICTED STOCK ACTIVITY
| | |
Number of
shares | | |
Weighted Average Grant-Date Fair Value | |
| Unvested as at December 31, 2023 | |
| - | | |
| - | |
| Granted | |
| 2,024,985 | | |
| 8.80 | |
| Vested | |
| (247,370 | ) | |
| 8.41 | |
| Forfeited | |
| - | | |
| - | |
| Unvested as at September 30, 2024 | |
| 1,777,615 | | |
| 8.85 | |
|
|
| SCHEDULE OF COMPENSATION EXPENSE FOR RESTRICTED STOCK UNITS |
The
compensation expense for RSUs was as follows:
SCHEDULE
OF COMPENSATION EXPENSE FOR RESTRICTED STOCK UNITS
| | |
September 30, 2024 | | |
September 30, 2023 | | |
Nine months ended September 30, 2024 | | |
Period from March 16, 2023 (inception) through September 30, 2023 | |
| | |
Three months ended | | |
| |
| | |
September 30, 2024 | | |
September 30, 2023 | | |
Nine months ended September 30, 2024 | | |
Period from March 16, 2023 (inception) through September 30, 2023 | |
| General and administrative expenses | |
| 5,765,425 | | |
| - | | |
| 5,765,425 | | |
| - | |
|
|