Graphjet Technology Secures Nasdaq Trading Stay Ahead July Hearing

Graphjet Technology, a Malaysian producer of graphite and graphene from agricultural waste, is facing a Nasdaq hearing on July 17, 2025, regarding its continued listing eligibility due to delays in filing required financial reports for late 2024 and early 2025. Nasdaq had initially determined to suspend trading of Graphjet's Class A Ordinary Shares but granted a stay allowing trading to continue until the hearing. The company is actively working to complete its 2024 financial audit and address non-compliance issues, with CEO Chris Lai expressing confidence in resolving these matters and maintaining the Nasdaq listing. Graphjet's stock has experienced a severe decline, losing nearly 99% of its value over the past year, and is currently valued at around $0.08 per share with significant liquidity challenges and negative EBITDA. Despite these financial difficulties, the company remains committed to its strategic goal of becoming a leading graphite and graphene producer. The situation reflects serious regulatory and financial hurdles but also ongoing efforts by Graphjet's management to restore compliance and investor confidence.