Why did Graphjet's operating expenses surge in Q2 2024?

The operating expenses of Graphjet Technology (GTI) in Q2 2024 are not available. However, the company has been under investigation for potential securities law violations, which may have impacted its financial operations and reporting. The delinquency notification letter from Nasdaq regarding the failure to timely file the quarterly report for Q1 2024 could be a factor, as it indicates non-compliance with listing rules. Therefore, the surge in operating expenses in Q2 2024 might be related to the internal investigation and efforts to address the Nasdaq non-compliance issues.