Graphjet receives Nasdaq delinquency notice for late Q1 10-Q; has until July 29 to submit compliance plan

GRAPHJET TECHNOLOGY

Nasdaq notified Graphjet on May 30, 2024 of non-compliance with Listing Rule 5250(c)(1) due to untimely 10-Q filing.
Company has 60 calendar days (until July 29, 2024) to submit a plan to regain compliance.
If plan accepted, Nasdaq may grant exception until November 18, 2024 to file the delinquent 10-Q.
Delinquency notice has no immediate effect on listing of GTI ordinary shares on Nasdaq.
Company is working with its independent auditor to complete the Form 10-Q; no assurance of regaining compliance.

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