Graphjet Technology Stock Price, News & Analysis

Graphjet Technology (GTI) is a Cayman Islands–incorporated company that focuses on graphene and graphite production through its Malaysian operating subsidiary, Graphjet Technology Sdn. Bhd. According to company disclosures, Graphjet Technology Sdn. Bhd. was founded in 2019 in Malaysia as a producer of graphene and graphite using a patented process that recycles palm kernel shells generated in the production of palm seed oil into single-layer graphene and artificial graphite. GTI’s shares have traded under the symbol GTI and are associated with the Basic Materials sector and the "Other Industrial Metals & Mining" industry category.

Business focus and technology

Graphjet states that it has developed what it describes as the world’s first patented technology to recycle palm kernel shells into single-layer graphene and artificial graphite. Palm kernel shells are identified in the company’s materials as a waste agricultural product that is common in Malaysia. By using this feedstock, Graphjet positions its production methods as a form of sustainable materials processing that aims to change aspects of the graphite and graphene supply chain.

Company news releases indicate that Graphjet produces graphite and graphene materials and that its graphite can be used as battery anode material. The company has also disclosed that, after commissioning new machinery and equipment, it is able to produce types of graphite and graphene for additional industries, including the semiconductor industry. Graphjet has highlighted the role of graphite and graphene in semiconductor manufacturing processes that require high temperature and precise control.

Operations and facilities

SEC filings list the company’s principal executive offices in Shah Alam, Selangor, Malaysia. The company has reported the arrival, installation, and commissioning of new machinery and equipment at its factory in Malaysia, and has stated that this has increased its production capacity by a multiple compared with prior levels. In addition, Graphjet has announced the completion and commissioning of an in-house laboratory. The company describes this laboratory as important for testing the properties of graphite and graphene, for customizing material properties to better suit customer needs, for quality control, and for conducting research and development on new uses of its materials.

In its public communications, Graphjet has associated its materials with applications in battery anode materials and in sectors that include the semiconductor industry. It has also referenced interest from potential customers, including visits from management executives of a South Korean conglomerate active in steel and battery materials, and discussions around potential supply of its graphite material.

Corporate structure and capital markets

Graphjet Technology is organized as a Cayman Islands exempted company. Its Class A ordinary shares have been registered with the U.S. Securities and Exchange Commission and have been listed on The Nasdaq Global Market under the trading symbol GTI, as reflected in multiple Form 8-K filings. The company identifies itself as an emerging growth company and a smaller reporting company in its registration statement on Form S-1.

Company filings and proxy materials describe Class A ordinary shares with a stated par value, and detail proposals relating to share capital, warrant exercises, and share issuances. For example, a definitive proxy statement outlines proposals to permit the exercise of warrants, to approve share issuances under specific agreements, to increase authorized share capital, and to adopt amended and restated memorandum and articles of association to reflect that increase. The proxy materials also describe the re-election of a director, the ratification of the company’s independent registered public accounting firm, and a proposal to adjourn the annual general meeting if needed.

Listing status and trading venue

During 2025, Graphjet received several notices from The Nasdaq Stock Market LLC regarding compliance with continued listing standards. Form 8-K filings describe notices related to:

• Nasdaq Listing Rule 5250(c)(1), concerning timely filing of required periodic financial reports with the SEC.
• Nasdaq Listing Rule 5450(a)(1), concerning the minimum bid price requirement.
• Nasdaq Listing Rule 5450(b)(2)(A), concerning a minimum market value of listed securities of $50,000,000 for 30 consecutive trading days.
• Nasdaq Listing Rule 5450(b)(2)(C), concerning a minimum market value of publicly held shares.

In a Form 8-K dated September 26, 2025, the company reported that it had received a notice from Nasdaq indicating that it had regained compliance with the periodic filing rule and the bid price rule, and that it would be subject to a one-year mandatory panel monitor period. Subsequent filings, however, report that on November 11, 2025, a Nasdaq Hearings Panel determined to delist the company’s Class A ordinary shares from The Nasdaq Global Market due to deficiencies under Nasdaq Listing Rules 5450(b)(2) and 5450(b)(3)(C). The delisting became effective on November 13, 2025.

Following the delisting, the company disclosed in Form 8-K filings that its Class A ordinary shares began trading on an over-the-counter market under the ticker symbol GTIJF, and that it submitted a timely appeal of the Panel’s decision to the Nasdaq Listing and Hearing Review Council. The company has requested that the Council review and reverse the delisting decision and authorize a provisional relisting during the appeal process, while cautioning that there can be no assurance the appeal will be successful.

Financing and capital transactions

Graphjet’s SEC filings describe several financing and capital-related arrangements. An October 16, 2025 Master Loan Agreement with International Liquidity, LLC provides for a secured, non-recourse term loan, with the principal amount tied to the fair market value of pledged collateral. The loan is secured by a pledge of shares to be issued to the lender, and the related Master Pledge Agreement specifies that the pledged shares are to be returned to the company upon full repayment of the loan.

The company’s S-1 registration statement describes the registration for resale of Class A ordinary shares held or issuable to various selling securityholders. These shares include those issuable upon the exercise of warrants, shares issued or issuable under a sale and purchase agreement related to property from which the company operates, shares issued as settlement of debts, and shares issuable as collateral for the loan from International Liquidity, LLC. The prospectus notes that the company will receive proceeds only to the extent that warrants are exercised for cash, and that it will not receive proceeds from the resale of shares by the selling securityholders.

Research collaborations and industry context

Graphjet has announced a collaboration with the Centre for Materials Engineering and Smart Manufacturing (MERCU) of Universiti Kebangsaan Malaysia (UKM) under a letter of intent for a research consortium. The collaboration focuses on using graphite and graphene in additive manufacturing technology to develop advanced heat sinks for thermal management applications. Graphjet has indicated that its in-house laboratory will support this collaboration by enabling quality testing and research on improvements to its materials.

In its news releases, the company links its activities to trends in data centers and semiconductor manufacturing, particularly in relation to specialized chips and AI chips. It notes that data centers are expanding in Malaysia and the Southeast Asia region, and that graphite and graphene play roles in thermal management and semiconductor processes. These statements are presented by the company as part of its rationale for pursuing collaborations and expanding its production capabilities.

Share structure actions

In August 2025, Graphjet disclosed that its shareholders approved a share consolidation proposal at an extraordinary general meeting. The proposal authorized the board of directors to effect a consolidation of the company’s ordinary shares within a specified ratio range. The board subsequently determined a consolidation ratio of 1-for-60. A later press release and Form 8-K describe the effective date of the share consolidation and state that the company’s ordinary shares would begin trading on a split-adjusted basis on The Nasdaq Global Market under the existing trading symbol GTI as of that date. The company has stated that the share consolidation is intended to increase the trading price of the ordinary shares in connection with Nasdaq’s continued listing requirements.

Position within the materials and mining value chain

Within the Basic Materials sector and the "Other Industrial Metals & Mining" industry category, Graphjet describes itself as a producer of graphene and graphite that uses an agricultural by-product as feedstock. Through its disclosures, the company emphasizes sustainable production methods, the use of palm kernel shells as a waste product, and its patented process for converting this material into single-layer graphene and artificial graphite. It associates its output with uses in battery anode materials, semiconductor-related applications, and potential thermal management solutions developed in collaboration with research institutions.

Key considerations for investors and observers

Investors reviewing GTI should note the company’s description of its patented technology, its focus on recycling palm kernel shells into graphene and graphite, and its efforts to expand production capacity and laboratory capabilities in Malaysia. At the same time, SEC filings highlight the company’s history of Nasdaq listing compliance issues, the subsequent delisting from The Nasdaq Global Market, and the transition of trading to an over-the-counter market under the symbol GTIJF, alongside an ongoing appeal process. Company proxy and registration materials also describe share consolidation, share capital increases, share issuances, and secured loan arrangements that affect the company’s capital structure.

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