regulatory
confidence high
sentiment neutral
materiality 0.70
GRAPHJET TECHNOLOGY (GTIJF): Nasdaq/NYSE listing notice — Energem Corp. receives Nasdaq extension to March 20 for business combination to regain listing compliance
GRAPHJET TECHNOLOGY
- Nasdaq Hearing Panel grants exception to listing deficiencies until March 20, 2024.
- Exception based on substantial steps toward closing previously announced initial business combination.
- Company must achieve compliance with Nasdaq listing rules upon closing of transaction for listing on Nasdaq Global Market.
- This follows earlier notice of non-compliance with minimum 400 shareholders requirement; hearing held Feb 22, 2024.
- If business combination not closed by March 20, delisting risk remains.