Graphjet technology discloses notice from nasdaq

Innovative technological leader to oversee all technical, operational, customer support and business development initiatives kuala lumpur, malaysia, june 24, 2025 (globe newswire) -- graphjet technology (“graphjet” or “the company”) (nasdaq:gti), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, today announced that it received a written notice (“notice”) on june 18, 2025 from the listing qualifications department of the nasdaq stock market (“nasdaq”) indicating that the company no longer complies with nasdaq listing rule 5450(a)(1) (the “listing rule”) requiring that listed securities maintain a minimum bid price of $0.10 per share based upon the company's closing bid price for the last 10 consecutive trading days prior to the notice. the notice also stated that the noncompliance with the listing rule serves as an additional basis for delisting the company's securities from nasdaq, and that the matter will be considered by the nasdaq hearings panel at the company's previously disclosed hearing that will be held on july 17, 2025 (the “hearing”).
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