Nasdaq grants Graphjet Technology’s request to continue its listing
Graphjet Technology (NASDAQ:GTI) has received approval from the Nasdaq Hearings Panel to maintain its listing, subject to specific conditions. The company must demonstrate compliance with the Bid Price Rule by August 29, 2025, the Periodic Filing Rule by September 15, 2025, and provide an update on fundraising plans by September 30, 2025.
CEO Chris Lai expressed confidence in meeting the compliance deadlines and highlighted the company's strategic position to capitalize on China's graphite export restrictions. Graphjet produces graphite from agricultural waste, offering an alternative supply for EV batteries. The company plans to expand with a new manufacturing facility in Nevada to address global graphite shortages.
Graphjet Technology (NASDAQ:GTI) ha ottenuto l'approvazione dal Nasdaq Hearings Panel per mantenere la sua quotazione, a condizione di rispettare specifici requisiti. L'azienda deve dimostrare la conformità alla Regola del Prezzo di Offerta entro il 29 agosto 2025, alla Regola delle Comunicazioni Periodiche entro il 15 settembre 2025 e fornire un aggiornamento sui piani di raccolta fondi entro il 30 settembre 2025.
Il CEO Chris Lai ha espresso fiducia nel rispettare le scadenze di conformità e ha sottolineato la posizione strategica dell'azienda per sfruttare le restrizioni cinesi sulle esportazioni di grafite. Graphjet produce grafite da rifiuti agricoli, offrendo un'alternativa per le batterie dei veicoli elettrici. L'azienda prevede di espandersi con un nuovo stabilimento produttivo in Nevada per affrontare la carenza globale di grafite.
Graphjet Technology (NASDAQ:GTI) ha recibido la aprobación del Nasdaq Hearings Panel para mantener su cotización, sujeto a condiciones específicas. La compañía debe demostrar cumplimiento con la Regla del Precio de Oferta antes del 29 de agosto de 2025, la Regla de Presentaciones Periódicas antes del 15 de septiembre de 2025, y proporcionar una actualización sobre sus planes de financiamiento antes del 30 de septiembre de 2025.
El CEO Chris Lai expresó confianza en cumplir con los plazos de cumplimiento y destacó la posición estratégica de la empresa para aprovechar las restricciones de exportación de grafito de China. Graphjet produce grafito a partir de residuos agrícolas, ofreciendo una fuente alternativa para baterías de vehículos eléctricos. La compañía planea expandirse con una nueva planta de fabricación en Nevada para abordar la escasez global de grafito.
Graphjet Technology (NASDAQ:GTI)는 나스닥 청문회 패널로부터 특정 조건을 충족하는 경우 상장 유지 승인을 받았습니다. 회사는 2025년 8월 29일까지 입찰 가격 규정 준수, 2025년 9월 15일까지 정기 제출 규정 준수, 그리고 2025년 9월 30일까지 자금 조달 계획 업데이트를 제시해야 합니다.
CEO 크리스 라이(Chris Lai)는 준수 기한을 맞출 자신감을 표명했으며, 중국의 흑연 수출 제한을 활용할 수 있는 회사의 전략적 위치를 강조했습니다. Graphjet는 농업 폐기물에서 흑연을 생산하여 전기차 배터리의 대체 공급원을 제공합니다. 회사는 네바다에 새로운 제조 시설을 확장할 계획으로 전 세계 흑연 부족 문제에 대응할 예정입니다.
Graphjet Technology (NASDAQ:GTI) a obtenu l'approbation du Nasdaq Hearings Panel pour maintenir sa cotation, sous réserve de conditions spécifiques. La société doit démontrer sa conformité à la règle sur le prix d'offre avant le 29 août 2025, à la règle des dépôts périodiques avant le 15 septembre 2025 et fournir une mise à jour sur ses plans de levée de fonds avant le 30 septembre 2025.
Le PDG Chris Lai a exprimé sa confiance quant au respect des délais de conformité et a souligné la position stratégique de l'entreprise pour tirer parti des restrictions chinoises sur les exportations de graphite. Graphjet produit du graphite à partir de déchets agricoles, offrant une alternative pour les batteries de véhicules électriques. La société prévoit de se développer avec une nouvelle usine de fabrication au Nevada afin de répondre à la pénurie mondiale de graphite.
Graphjet Technology (NASDAQ:GTI) hat die Genehmigung des Nasdaq Hearings Panel erhalten, seine Notierung unter bestimmten Bedingungen aufrechtzuerhalten. Das Unternehmen muss die Einhaltung der Gebotspreisregel bis zum 29. August 2025, der regelmäßigen Meldepflicht bis zum 15. September 2025 nachweisen und bis zum 30. September 2025 ein Update zu den Finanzierungsplänen vorlegen.
CEO Chris Lai zeigte sich zuversichtlich, die Compliance-Fristen einzuhalten, und hob die strategische Position des Unternehmens hervor, um von Chinas Exportbeschränkungen für Graphit zu profitieren. Graphjet stellt Graphit aus landwirtschaftlichen Abfällen her und bietet eine alternative Versorgung für Batterien von Elektrofahrzeugen. Das Unternehmen plant, mit einer neuen Produktionsstätte in Nevada zu expandieren, um den weltweiten Graphitmangel zu bewältigen.
- Nasdaq granted continued listing status, preventing immediate delisting
- Strategic advantage due to China's graphite export restrictions
- Production of graphite from renewable agricultural waste provides competitive edge
- Planned expansion with new manufacturing facility in Nevada
- Must meet Bid Price Rule compliance by August 29, 2025
- Required to comply with Periodic Filing Rule by September 15, 2025
- No guarantee of maintaining future Nasdaq listing compliance
- Needs to provide update on fundraising plans, suggesting potential capital needs
Insights
Graphjet secured conditional Nasdaq listing extension to meet compliance requirements, facing significant regulatory and financial hurdles ahead.
The Panel's decision to grant Graphjet a conditional extension to maintain its Nasdaq listing represents a temporary reprieve rather than a resolution of the company's underlying issues. The conditional nature of this extension reveals two critical compliance failures: the bid price requirement (stock trading below $1 for an extended period) and periodic filing violations (failure to timely submit required financial disclosures).
These conditions impose a tight timeline - approximately one month to address the bid price issue and less than two months to resolve filing deficiencies. The bid price compliance typically requires either organic share price appreciation or implementing a reverse stock split, which dilutes shareholder value. Additionally, the Panel's requirement for fundraising plan updates by September suggests capital adequacy concerns.
The CEO's statement attempts to frame this development positively by highlighting potential market opportunities from China's graphite export restrictions. However, this optimistic market outlook does little to address the immediate regulatory compliance issues. The planned Nevada manufacturing facility represents a significant capital expenditure when the company appears to be experiencing financial constraints.
The cautionary statement that "there can be no assurance that the Company will regain or maintain compliance" should be viewed as a serious risk factor, as failure to meet these conditions would likely result in delisting, severely impacting liquidity and shareholder value.
KUALA LUMPUR, Malaysia, July 28, 2025 (GLOBE NEWSWIRE) -- Graphjet Technology (“Graphjet” or “the Company”) announced today that it received a decision letter (the “Letter”) from the Nasdaq Hearings Panel (the “Panel”) on July 25, 2025 granting the Company’s request to continue its listing on The Nasdaq Stock Market (“Nasdaq”).
The decision is conditioned on the Company (i) demonstrating compliance with Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Rule”) on or before August 29, 2025, (ii) demonstrating compliance with Nasdaq Listing Rule 5450(c)(1) (the “Periodic Filing Rule” and, together with the Bid Price Rule, the “Listing Rules”) on or before September 15, 2025, and (iii) providing the Panel with an update regarding the Company’s fundraising plans on or before September 30, 2025.
The Company will tirelessly work towards regaining compliance with the Bid Price Rule and the Periodic Filing Rule within the applicable timeframe provided in the Letter. In addition, the Company plans to provide the Panel with an update regarding the Company’s fundraising plans on or before September 30, 2025. However, there can be no assurance that the Company will regain or maintain compliance with the Listing Rules.
“We would like to thank the Panel for allowing the continued listing of Graphjet on Nasdaq and believing in our Company in this growing industry. I am confident that we would be able to meet compliance within the deadlines set by the Panel.
The Company is poised to capitalize on the export restriction of graphite imposed by China in December 2023 and the imposition of higher tariffs by US on the import of graphite from China. The control of supply of graphite by China has resulted in a shortage of graphite globally. Our graphite is produced entirely from agricultural waste material which is a recycled and renewable material that is not from China and is able to be used to produce electric vehicle batteries.
With our planned expansion to build a manufacturing plant in Nevada, we would be able to create new job opportunities in the American market. This in turn would rejuvenate the electric vehicle market which is expected to suffer from the reduction in supply of graphite.” says Chris Lai, CEO of Graphjet.
About Graphjet Technology
Graphjet Technology (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world’s 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’s 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 https://www.graphjettech.com/.
Cautionary Statement Regarding Forward-Looking Statements
The information in this Current Report on Form 8-K contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” 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 Current Report on Form 8-K, 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’s 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’s ability to develop and manufacture its graphene and graphite products; (vii) Graphjet’s ability to return to and maintain compliance with Nasdaq continued listing standards; and (viii) those factors discussed in our filings with the Securities and Exchange Commission (the “SEC”). You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” 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.
Graphjet Technology Contacts
Investors
ceo.office@graphjettech.com
Media
ceo.office@graphjettech.com
FAQ
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