secwatch.observer — SEC 8-K summary
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Issuer:     GRAPHJET TECHNOLOGY (GTIJF)
CIK:        0001879373
Form:       8-K
Filed at:   2025-06-23T23:59:59+00:00
Accession:  0001213900-25-056718
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Graphjet Technology restates FY2023 financials; non-reliance due to IP valuation error
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- Restating FY2023 audited financials; re-audit by Kreit & Chiu CPA, LLP replacing Adeptus Partners.
- Error: IP assignment from former CSO Mr. Liu misclassified as third-party acquisition; will now be valued at his development cost per ASC 850-10-20.
- Company still expects to file FY2024 10-K before July 17, 2025 Nasdaq hearing.
- Audit Committee expanded: appointed Chen Siow Woon and Ang Chee Yong effective April 11, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879373/000121390025056718/0001213900-25-056718-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879373/000121390025056718/ea0246532-8k_graphjet.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-056718

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