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Graphjet Technology ( (GTI) ) just unveiled an announcement.
On August 7, 2025, Graphjet Technology held an extraordinary general meeting where shareholders approved a share consolidation proposal, allowing the board to consolidate shares at a ratio of 1-for-60. This move is part of Graphjet’s strategy to regain compliance with Nasdaq listing standards, reflecting shareholder confidence in the company’s plans. The company plans to file the necessary documents in the Cayman Islands and will announce further details once the effective date is determined.
More about Graphjet Technology
Graphjet Technology Sdn. Bhd., founded in 2019 in Malaysia, is an innovative producer of graphene and graphite. The company holds a patent for recycling palm kernel shells, a waste product from palm seed oil production, to create single-layer graphene and artificial graphite. This sustainable approach aims to transform the global graphite and graphene supply chain.
Average Trading Volume: 39,770,283
Technical Sentiment Signal: Sell
Current Market Cap: $19.01M
For detailed information about GTI stock, go to TipRanks’ Stock Analysis page.