Why Did Graphjet Plunge 15.38% Amid Nasdaq Extension?

On July 29, 2025, Graphjet's stock experienced a significant drop of 15.38% in pre-market trading, marking a notable shift in investor sentiment towards the company.

Graphjet has received a conditional listing extension from Nasdaq, allowing it to continue its operations on the exchange. This extension is crucial for the company as it positions itself as a key non-Chinese graphite supplier for electric vehicle (EV) batteries. The decision to grant the extension comes as Graphjet works to meet specific compliance deadlines, ensuring its continued presence on the Nasdaq.

The company's stock has seen volatility in recent months, with significant fluctuations driven by market reactions to its Nasdaq listing extension and strategic partnerships. The collaboration between Samsung and Tesla is expected to benefit Graphjet, further solidifying its position in the market. This partnership highlights the growing demand for Graphjet's technology in the EV and semiconductor industries.