Graphjet Technology to be delisted from Nasdaq following non-compliance notice

Graphjet Technology (NASDAQ:GTI) announced Tuesday that it received a written notice from the Nasdaq Hearings Panel stating its securities will be delisted from the Nasdaq Global Market. The decision follows the company’s failure to regain compliance with Nasdaq Listing Rules 5450(b)(2&3)(C) and 5450(b)(2)(A), which relate to the market value of publicly held shares and the market value of listed securities.

According to the press release statement, the company’s shares will be suspended from trading on Nasdaq at the open of trading on Thursday. The notice, dated Monday, was issued by a Hearings Advisor from the Office of the General Counsel of The Nasdaq Stock Market LLC.

Graphjet Technology has the right to request a review of the decision by the Nasdaq Listing and Hearing Review Council. The company stated it intends to request such a review and present a plan to regain compliance. The request must be submitted within 15 days from the date of the notice.

If the company’s securities are ultimately delisted from Nasdaq, they are expected to be eligible for quotation on the OTC Markets. There is no assurance that a market for the company’s securities will develop or be maintained following delisting.

This information is based on a statement made in a recent SEC filing.

In other recent news, Graphjet Technology has been navigating several compliance challenges with the Nasdaq Stock Market. The company received a notice on October 29, 2025, regarding its failure to meet the minimum market value requirement of $15 million for publicly held shares over 30 consecutive trading days. Previously, on September 2, Graphjet was also informed about its non-compliance with the $50 million market value requirement. Additionally, the company faced another compliance issue due to a delayed quarterly report filing for the period ending June 30, 2025.

Despite these challenges, Graphjet has made progress in its operations, announcing that its graphite production meets the necessary standards for battery anode material. The company is moving forward to finalize collaborations and supply agreements. Furthermore, Graphjet has partnered with Universiti Kebangsaan Malaysia to develop advanced heat sinks, enhancing its research capabilities in additive manufacturing technology. These developments highlight Graphjet’s ongoing efforts to strengthen its market position and operational capabilities.

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