Graphjet Technology announced it received a decision letter from the Nasdaq Hearings Panel on July 25, 2025, granting the company's request to continue its listing on The Nasdaq Stock Market. This decision provides a crucial reprieve from the previously announced delisting threat.
The continued listing is conditioned on Graphjet demonstrating compliance with Nasdaq Listing Rule 5450(a)(1), the Bid Price Rule, on or before August 29, 2025. Additionally, the company must comply with Nasdaq Listing Rule 5450(c)(1), the Periodic Filing Rule, on or before September 15, 2025.
Graphjet is also required to provide the Panel with an update regarding its fundraising plans on or before September 30, 2025. The company stated it will work tirelessly to regain and maintain compliance with these listing rules within the specified timeframes.
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