GRAPHJET TECHNOLOGY (GTIJF): Nasdaq/NYSE listing notice — Graphjet receives two Nasdaq deficiency notices for late filings and low MVLS; director resigns

GRAPHJET TECHNOLOGY

First notice on Feb 28: delayed 10-K (Sep 30, 2024) and 10-Q (Dec 31, 2024); compliance plan due Apr 29, 2025.
Second notice on Mar 5: market value of listed securities below $50M for 30 consecutive days; compliance by Sep 1, 2025.
If not compliant, securities subject to delisting; possible transfer to Nasdaq Capital Market.
Executive Director Aw Jeen Rong resigned effective Mar 3, 2025; no disagreement with company.
Company monitoring MVLS and evaluating options; no assurance of regaining compliance.

item 3.01 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Aw Jeen Rong

Executive Director

GTIJF · GRAPHJET TECHNOLOGY

Effective: 2025-03-03
Filed: March 6, 2025, 6:59 PM ET

On March 3, 2025, Aw Jeen Rong resigned from his position as Executive Director of Graphjet Technology (the “Company”), effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

GRAPHJET TECHNOLOGY received a nasdaq noncompliance notice notice regarding market value (rules 5450(b)(2)(A), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5810(c)(3)(C)

Exact text from the filing

March 5, 2025, the Company received a second notification letter (the “Second Notice”) from Nasdaq which notified the Company that, for the 30 consecutive business days, the Company’s market value of listed securities (“MVLS”) closed below the $50,000,000 MVLS threshold required for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Rule”). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has 180 calendar days, or until September 1, 2025 (the “MVLS Compliance Period”), to regain compliance with the MVLS Rule. The Second Notice note

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

GRAPHJET TECHNOLOGY received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

th the Securities and Exchange Commission (the “SEC”) and (ii) the Company’s delay in filing its Annual Report on Form 10-Q for the period ended December 31, 2024 (the “Second Delinquent Filing”), the Company is not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”). The First Notice states that the Company has 60 calendar days, or until April 29, 2025, to submit a plan to regain compliance with the Listing Rule with respect to the delinquent reports. If Nasdaq accepts the Company’s plan to regain compliance, then Nasdaq may gran

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Executive change SEC 8-K Item 5.02 confidence 1.0

Aw Jeen Rong resigned as Executive Director at GRAPHJET TECHNOLOGY.

Action: resigned
Role: Executive Director

Exact text from the filing

On March 3, 2025, Aw Jeen Rong resigned from his position as Executive Director of Graphjet Technology (the “Company”), effective immediately.

View on SEC.gov

93 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

GRAPHJET TECHNOLOGY filing history →

Source: SEC EDGAR

accession 0001213900-25-021209

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