regulatory
confidence high
sentiment negative
materiality 0.85
Graphjet Technology appeals Nasdaq delisting; stays suspension pending hearing
GRAPHJET TECHNOLOGY
- Nasdaq denied continued listing on June 4, 2025, due to failure to satisfy Listing Rule 5250(c)(1) (timely filing).
- Trading suspension scheduled for June 13, 2025; Form 25-NSE to be filed.
- On June 11, 2025, Graphjet appealed and requested a hearing before the Nasdaq Hearings Panel.
- Appeal stays suspension for 15 days; additional stay requested; $20,000 hearing fee paid.
item 3.01