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Graphjet Technology ( (GTI) ) has provided an update.
Graphjet Technology announced on June 10, 2025, that it received a determination letter from Nasdaq on June 4, 2025, due to delays in filing its annual and quarterly reports, leading to non-compliance with Nasdaq’s listing requirements. As a result, the company’s request for continued listing was denied, and its shares are set to be suspended on June 13, 2025. Graphjet plans to appeal the decision and request a hearing to potentially stay the suspension, although there is no assurance of a successful outcome.
More about Graphjet Technology
Graphjet Technology, founded in 2019 in Malaysia, is an innovative producer of graphene and graphite. The company utilizes patented technology to recycle palm kernel shells, a waste product from palm seed oil production, to create single-layer graphene and artificial graphite. This sustainable approach aims to revolutionize the global graphite and graphene supply chain.
Average Trading Volume: 16,566,367
Technical Sentiment Signal: Sell
Current Market Cap: $11.93M
For a thorough assessment of GTI stock, go to TipRanks’ Stock Analysis page.