Graphjet Technology to Be Delisted from Nasdaq Following Non-Compliance Notice
Date: November 12, 2025
Graphjet Technology (NASDAQ: GTI), a firm specializing in graphite and battery materials, has announced that it will be delisted from the Nasdaq Global Market. This development follows an official written notice from the Nasdaq Hearing Panel indicating that the company has failed to meet the Nasdaq listing rules concerning minimum market value requirements.
Non-Compliance with Nasdaq Listing Rules
The notice pertains specifically to Nasdaq Listing Rules 5450(b)(2)(A) and 5450(b)(2&3)(C), which require companies to maintain a minimum market value for their publicly held shares and overall securities listed. Graphjet Technology was unable to satisfy these requirements, prompting Nasdaq to initiate proceedings for delisting.
According to the company’s recent press release, Nasdaq will suspend trading in Graphjet’s shares starting at the market open on Thursday. The notification was issued by an advisor from the Nasdaq Stock Market LLC’s Office of the General Counsel earlier this week.
Options for Graphjet Technology
Graphjet Technology retains the right to request a review of the delisting decision by the Nasdaq Hearings Panel. The company stated its intention to file for this review and simultaneously submit a plan seeking to regain compliance with Nasdaq’s standards. This appeal must be lodged within 15 days of the notice date.
Should the appeal fail, the company’s shares will likely transition to the OTC (over-the-counter) Markets. However, there is no assurance that liquidity or an active trading market will be sustained post-delisting.
Context of Recent Compliance Challenges
This announcement is the latest in a series of compliance challenges faced by Graphjet Technology. On October 29, 2025, Graphjet received an earlier notice citing failure to maintain the required minimum public market value of $15 million for a consecutive 30-day trading period. Prior to this, on September 2, 2025, the company was warned about non-compliance with the broader $50 million market value requirement.
In addition to these valuation issues, the company has also encountered compliance difficulties related to delayed filings, specifically the tardiness in submitting its quarterly report for the period ending June 30, 2025. Ongoing Operational Progress
Despite these regulatory hurdles, Graphjet Technology continues to advance its operational capabilities. The company announced that its graphite production now meets the stringent quality standards required for advanced battery anode materials. Furthermore, Graphjet is in the process of finalizing strategic collaborations and supply agreements to expand its market footprint.
In an important research partnership, Graphjet has joined forces with Universiti Kebangsaan Malaysia to develop advanced thermal management solutions, particularly heat sinks based on additive manufacturing technology. This alliance underlines Graphjet’s commitment to improving its technological know-how and maintaining competitiveness in the battery material sector.
Outlook
While the delisting represents a setback, Graphjet Technology’s efforts to rectify compliance issues and pursue innovative research may help stabilize its business moving forward. Investors should monitor further announcements from the company regarding its Nasdaq review process and operational progress.
This article is based on public filings with the U.S. Securities and Exchange Commission and official Nasdaq notices, compiled and reviewed with the assistance of AI tools.
