Graphjet Plunges 9.62% Amid Delisting Fears

On July 17, 2025, Graphjet's stock experienced a significant drop of 9.62% in pre-market trading, reflecting investor concerns and market volatility.

Graphjet Technology has recently announced updates on its current events, highlighting its innovative technology to recycle palm kernel shells generated in the production of palm seed oil. This patented technology is the world's first of its kind, positioning Graphjet as a leader in sustainable waste management solutions.

One of the immediate challenges facing Graphjet is its delisting hearing scheduled for July 17. This hearing was triggered by delayed financial filings and a share price that has fallen below Nasdaq's minimum bid requirement of $0.10. The company's ability to address these issues will be crucial in determining its future on the exchange.

In response to these challenges, Graphjet's CEO has outlined a strategy aimed at preventing delisting. The company has received a stay of suspension, providing it with some breathing room to implement necessary changes and comply with regulatory requirements. This strategic move has been met with a positive response from investors, as evidenced by a recent surge in the stock price.