Graphjet Technology announced it received a written notice on September 2, 2025, from Nasdaq, indicating non-compliance with Listing Rule 5450(b)(2)(A). The company failed to maintain a minimum market value of its publicly held shares of $50,000,000 for 30 consecutive trading days by the September 1, 2025, deadline.
This deficiency will be considered by Nasdaq in its decision regarding the company’s continued listing on The Nasdaq Global Market. The notice does not have an immediate effect on the trading of Graphjet’s ordinary shares.
Graphjet has been requested to present its views to Nasdaq in writing no later than September 9, 2025. The company had previously agreed with Nasdaq to provide an update regarding its fundraising plans on or before September 30, 2025, which will be relevant to addressing this market value deficiency.
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