Graphjet Technology receives non-compliance notification from Nasdaq

Graphjet Technology (GTI) received a written notice from Nasdaq on August 20 stating that the company is not in compliance with Nasdaq Listing Rule 5250(c) because the company has not yet filed its Quarterly Report on Form 10-Q for the period ended June 30 with the SEC. The Notice has no immediate effect on the listing of the company’s ordinary shares on The Nasdaq Global Market, which will continue to trade on The Nasdaq Global Market under the symbol “GTI”. Nasdaq has requested that the Company presents its views with respect to the Notice to Nasdaq in writing no later than August 27, since Nasdaq will consider this deficiency in their decision regarding the company’s continued listing. The company previously agreed with Nasdaq that it would regain compliance with the Rule before September 15 and is working to complete and file the Form 10-Q by the Deadline and intends to regain compliance with Nasdaq’s continued listing requirements.