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Stardust Solar Energy Inc. Announces Adoption of New By-Law No. 1 with Advance Notice Provisions
Newsfile· 2025-08-08 20:00
Core Viewpoint - Stardust Solar Energy Inc. has introduced a new by-law (By-Law No. 1) that establishes an advance notice requirement for shareholders intending to nominate directors, aiming to enhance corporate governance and transparency [1][2]. Group 1: By-Law No. 1 Details - By-Law No. 1 mandates that shareholders must notify the Corporation in writing of their intention to nominate directors prior to any meeting where directors are to be elected [2]. - The by-law specifies that for annual meetings, notice must be given not less than 30 days and not more than 65 days before the meeting, with specific provisions if the meeting is announced less than 40 days in advance [4]. - For special meetings, notice must be provided no later than the close of business on the 15th day following the public announcement of the meeting date [5]. Group 2: Implementation and Ratification - By-Law No. 1 is effective immediately and will be presented for ratification at the upcoming annual and special meeting on September 18, 2025 [5][6]. - If confirmed at the meeting, By-Law No. 1 will remain in effect as ratified by the shareholders [6]. Group 3: Company Overview - Stardust Solar is a North American franchisor specializing in renewable energy installation services, including solar panels, energy storage systems, and electric vehicle supply equipment [7]. - The company supports entrepreneurs with branded business management services, advanced equipment, and comprehensive support in various operational areas [7].
Stardust Solar Accelerates Canadian Growth with Two New Ontario Franchises, Reaching 96 Territories Across North America
Newsfile· 2025-07-15 12:30
Core Insights - Stardust Solar Energy Inc. has expanded its franchise network by awarding new franchises in Etobicoke and Temiskaming, Ontario, increasing its total to 96 territories across North America and the Caribbean [1][2][8] - The company aims to surpass 100 territories by the end of 2025, with Ontario identified as a high-potential region for growth [2][8] Company Overview - Stardust Solar specializes in renewable energy installation services, focusing on solar panels, energy storage systems, and electric vehicle supply equipment [4] - The company provides franchise partners with comprehensive support, including business management services, marketing, sales, engineering, and project management [4] Strategic Context - The addition of the new Ontario franchises enhances Stardust Solar's service coverage in the Greater Toronto Area and Northern Ontario, contributing to its Canadian network of over 30 territories [8] - The company has more than tripled its franchise count since 2023, driven by organic growth and targeted acquisitions [8]
Stardust Solar Signs LOI for Exclusive North American Distribution of MarkeDroid A.I. Driven Technology with European Union Participation
Newsfile· 2025-05-27 12:30
Core Insights - Stardust Solar Energy Inc. has signed a non-binding Letter of Intent (LOI) with MarkeDroid OÜ to become the exclusive North American distributor of MarkeDroid's A.I. driven solar and battery optimization technology [2][4][10] - This partnership aims to enhance the value proposition of Stardust Solar's renewable energy installations and accelerate the adoption of clean energy solutions [4][5][10] Partnership Highlights - The LOI is a significant milestone in Stardust Solar's expansion strategy, building on recent achievements such as acquiring 49 U.S. territories and launching franchises in high-growth markets like Dallas-Fort Worth and Florida [8][10] - MarkeDroid's technology will be integrated across Stardust Solar's network of over 93 franchise territories in North America, optimizing energy savings and reducing costs for residential and commercial customers [7][10] Technology Overview - MarkeDroid utilizes proprietary A.I. models developed with data scientists from STACC, focusing on optimizing buy-sell-store cycles based on market prices, solar production, and energy usage patterns [9][10] - The technology is expected to provide advanced battery arbitrage and grid flexibility services, contributing to financial and environmental benefits by reducing reliance on grid electricity and lowering carbon emissions [10] Strategic Implications - The partnership is expected to strengthen Stardust Solar's reputation for innovation and enhance its ability to deliver superior returns on renewable energy investments [5][10] - The LOI may lead to a legally binding commercial contract supported by EU-funded Technical Assistance, paving the way for future collaboration and technology co-development [10][11]
Stardust Solar Updates Status of Filing Annual Financial Statements
Newsfile· 2025-05-15 12:30
Core Viewpoint - Stardust Solar Energy Inc. has received a management cease trade order (MCTO) from the British Columbia Securities Commission, which restricts its CEO and CFO from trading the company's securities until the required financial documents are filed [1][2]. Company Overview - Stardust Solar is a North American franchisor specializing in renewable energy installation services, including solar panels, energy storage systems, and electric vehicle supply equipment [5]. - The company supports its franchisees with various services from corporate headquarters, such as marketing, sales, engineering, customer service, and project management [5]. Regulatory Compliance - The MCTO prohibits the CEO and CFO from trading until the audited annual financial statements for the year ended December 31, 2024, along with management's discussion and analysis, are filed [2]. - The company plans to issue bi-weekly default status reports to comply with alternative information guidelines while remaining in default of its financial statement filing requirements [4]. Management's Efforts - The Board of Directors and management are actively working to complete and file the required financial documents [3]. - The company has confirmed that there is no undisclosed material information regarding its affairs since the last press release [3].