{"id":878817,"date":"2025-08-25T19:11:32","date_gmt":"2025-08-25T23:11:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/graphjet-receives-nasdaq-letter\/"},"modified":"2025-08-25T19:11:32","modified_gmt":"2025-08-25T23:11:32","slug":"graphjet-receives-nasdaq-letter","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/graphjet-receives-nasdaq-letter\/","title":{"rendered":"Graphjet Receives Nasdaq Letter"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <strong>New York, United States, Aug.  25, 2025  (GLOBE NEWSWIRE) &#8212; <\/strong>\u00a0Graphjet Technology (\u201c<strong>Graphjet<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201d) today announced that on August 20, 2025, it received a written notice (the \u201c<strong>Notice<\/strong>\u201d) from the Nasdaq Stock Market LLC (\u201c<strong>Nasdaq<\/strong>\u201d) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the \u201c<strong>Rule<\/strong>\u201d) because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended June 30, 2025 (the \u201c<strong>Form 10-Q<\/strong>\u201d) with the U.S. Securities and Exchange Commission.<\/p>\n<p align=\"justify\">The Notice has no immediate effect on the listing of the Company\u2019s ordinary shares on The Nasdaq Global Market, which will continue to trade on The Nasdaq Global Market under the symbol \u201cGTI\u201d.<\/p>\n<p align=\"justify\">Further, Nasdaq has requested that the Company presents its views with respect to the Notice to Nasdaq in writing no later than August 27, 2025, since Nasdaq will consider this deficiency in their decision regarding the Company\u2019s continued listing. The Company previously agreed with Nasdaq that it would regain compliance with the Rule before September 15, 2025 (the \u201c<strong>Deadline<\/strong>\u201d) and is working diligently to complete and file the Form 10-Q by the Deadline and intends to regain compliance with Nasdaq\u2019s continued listing requirements.<\/p>\n<p>\n        <strong>About\u00a0Graphjet\u00a0Technology\u00a0Sdn. Bhd.<\/strong>\n      <\/p>\n<p align=\"justify\">Graphjet Technology Sdn. Bhd. (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world\u2019s first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet\u2019s sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZAnKxCJA5cPliWqoUZBuN5pNZYOI5qD8WYgFAy8OsCwJpL8DQvQZk0uH7mfAuQ6bZ5ZwjLDNJha2NNgsDqJL0YPPM6_1MuRL1BHsj9qTUZf5YuCGR5E5l7U5Pj2tgzt4\" rel=\"nofollow\" target=\"_blank\"><u>https:\/\/www.graphjettech.com\/<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Cautionary Statement Regarding Forward-Looking Statements<\/strong><br \/>\n        \n      <\/p>\n<p align=\"justify\">The information in this press release contains certain \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words \u201cbelieve,\u201d \u201cproject,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cstrategy,\u201d \u201caim,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cwill be,\u201d \u201cwill continue,\u201d \u201cwill likely result\u201d and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Graphjet competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Graphjet will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) Graphjet is beginning the commercialization of its technology and it may not have an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Graphjet\u2019s industry and market size; (v) financial condition and performance of Graphjet, including the anticipated benefits, the implied enterprise value, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Graphjet; (vi) Graphjet\u2019s ability to develop and manufacture its graphene and graphite products; and (vii) those factors discussed in our filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the \u201cRisk Factors\u201d section of the documents to be filed by Graphjet from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Graphjet may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Graphjet does not give any assurance that Graphjet will achieve its expectations.<\/p>\n<p>\n        <strong>Graphjet Technology Contacts<\/strong>\n      <\/p>\n<p>Investors <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gpfXM3w7KzH9bjgInGTql4MdyYvnGZiqTsOOcOmBPYKGNH7kAD8R7b9udzfj4-pZ8n2xihPn9m_MPP951F_o6in3yTDErteIDmF77IAqp8rx9BG_i5XVzzlI0ID15lh5\" rel=\"nofollow\" target=\"_blank\">ceo.office@graphjettech.com<\/a><\/p>\n<p>Media<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gpfXM3w7KzH9bjgInGTql4MdyYvnGZiqTsOOcOmBPYJZHqwxd1M-9bx_cyApcv-lhix9qQzsusdKYqeId3bbK0NBVY7AfMRa-_0PYTp5StAiHUbLwX_4SQnDZZZJ7EuL\" rel=\"nofollow\" target=\"_blank\">ceo.office@graphjettech.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUxNzg4MyM3MTE0OTI3IzUwMDEyNTI5OA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZjQzNzdiZTktYTE3MC00NjdmLWE5ZjUtZmYxYTVkN2QxODJiLTUwMDEyNTI5OC0yMDI1LTA4LTI1LWVu\/tiny\/Graphjet-Technology.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York, United States, Aug. 25, 2025 (GLOBE NEWSWIRE) &#8212; \u00a0Graphjet Technology (\u201cGraphjet\u201d or the \u201cCompany\u201d) today announced that on August 20, 2025, it received a written notice (the \u201cNotice\u201d) from the Nasdaq Stock Market LLC (\u201cNasdaq\u201d) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the \u201cRule\u201d) because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended June 30, 2025 (the \u201cForm 10-Q\u201d) with the U.S. Securities and Exchange Commission. The Notice has no immediate effect on the listing of the Company\u2019s ordinary shares on The Nasdaq Global Market, which will continue to trade on The Nasdaq Global Market under the symbol \u201cGTI\u201d. Further, Nasdaq has requested that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/graphjet-receives-nasdaq-letter\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Graphjet Receives Nasdaq Letter&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-878817","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Graphjet Receives Nasdaq Letter - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/graphjet-receives-nasdaq-letter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Graphjet Receives Nasdaq Letter - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New York, United States, Aug. 25, 2025 (GLOBE NEWSWIRE) &#8212; \u00a0Graphjet Technology (\u201cGraphjet\u201d or the \u201cCompany\u201d) today announced that on August 20, 2025, it received a written notice (the \u201cNotice\u201d) from the Nasdaq Stock Market LLC (\u201cNasdaq\u201d) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the \u201cRule\u201d) because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended June 30, 2025 (the \u201cForm 10-Q\u201d) with the U.S. Securities and Exchange Commission. The Notice has no immediate effect on the listing of the Company\u2019s ordinary shares on The Nasdaq Global Market, which will continue to trade on The Nasdaq Global Market under the symbol \u201cGTI\u201d. 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