Innovative technological leader to supervise all technical, operational, customer support and commercial development initiatives
Kuala Lumpur, Malaysia, June 16, 2025 (Globe Newswire) – Graphjet Technology (“Graphjet” or “The Company”) (Nasdaq: GTI), one of the main developers of patented technologies to produce graphite and graphene directly from agricultural waste, announced today that the company has received a letter from the Department of Recording Qualifications of the Nasdaq Company (“Nasdaq”) on June 12, 2025 which noted the company that Nasdaq Negotiation of ordinary class A shares of the Company (“ordinary actions”) was suspended, pending a final written decision by the Nasdaq hearing committee (the “panel”). The hearing (“the hearing”) before the committee will be held on July 17, 2025, which means that the company’s ordinary shares will continue to negotiate on the NASDAQ at least until the date of the hearing.
The company previously revealed to have received a letter of determination (“opinion”) on June 4, 2025 of the NASDAQ indicating that the company did not comply with the requirements of continuous registration under rule 5250 (c) (1) of the “registration rule” of the NASDAQ. “SEC”) and (ii) the delay of the company to file its quarterly report on form 10-Q for the closed period on December 31, 2024. The opinion also declared that the company does not comply with the registration rule due to the company’s delay to file its quarterly report on form 10-Q for the period ended on March 31, 2025.
This announcement is made in accordance with rule 5810 (b) of the Nasdaq registration, which requires rapid disclosure of receipt of a deficiency notification.
About Graphjet technology
Graphjet technology (Nasdaq: Gti) was founded in 2019 in Malaysia as an innovative producer of graphene and graphite. Graphjet Technology has the first patented technology in the world to recycle palm kernel shells generated in the production of palm seed oil to produce graphene with a single layer and artificial graphite. The sustainable production methods of graphjet using palm kernel shells, a waste agricultural product which is common in Malaysia, will define a new change in the graphite and graphene supply chain. For more information, please visit https://www.graphjettech.com/.
Cancement declaration concerning prospective declarations
Information in this press release contains certain “prospective declarations” within the meaning of the “Safe Harbor” provisions of the 1995 law on private security disputes. “I would do it”, “will be”, “will continue”, “you will probably result” and similar expressions, but the absence of these words does not mean that a statement is not turned forward. Prospective declarations are forecasts, projections and other declarations on future events which are based on current expectations and hypotheses and, therefore, are subject to risks and uncertainties. Real results may differ from their expectations, estimates and projections and, therefore, you should not count on these prospective declarations as predictions of future events. Many factors could ensure that real future events differ considerably from the prospective declarations of this current report on the 8-K form, including, but without limiting itself: (i) changes in the markets in which Graphjet competition, including with regard to its competitive landscape, technological development or regulatory changes; (ii) the risk that Graphjet will have to raise additional capital to execute its commercial plans, which cannot be available in acceptable terms or not at all; (iii) Graphjet begins the marketing of its technology and it may not have a precise estimate of future capital expenses and future income; (iv) declarations concerning the industry and the size of the graphjet market; (v) the financial state and the performance of GraphJet, including the provided, the value of the implicit company, the financial situation, the liquidity, the operating results, the products, the future performance and the expected market opportunities of Graphjet; (VI) The capacity of Graphjet to develop and manufacture its graphite and graphite products; (VII) The capacity of GraphJet to return and maintain compliance with Nasdaq’s continuous list standards; and (VIII) these factors discussed in our deposits with the dry. You must carefully consider the previous factors and the other risks and uncertainties that will be described in the “Risk factors” section of documents to be deposited by graphjet from time to time with the dry. These deposits identify and deal with other important risks and uncertainty that could ensure that real events and results differ materially from those contained in prospective declarations. Prospective declarations only speak of the date on which they are made. Readers are warned not to rely excessively with regard to advanced air declarations, and although Graphjet can choose to update these prospective declarations at some point in the future, they do not assume any obligation to update or revise these prospective declarations, whether following new information, future events or otherwise, except demanding by applicable law. Graphjet gives no assurance that Graphjet will meet his expectations.
Contacts of Graphjet technology
Investors
Graphjetir@icrin.com
Media
Graphjetpr@icrin.com
