Why Did Graphjet Plunge 39.08%? Nasdaq Non-Compliance Looms

On June 11, 2025, Graphjet's stock plummeted by 39.08% in pre-market trading, marking a significant downturn for the company.

Graphjet Technology is currently facing a critical challenge as it has received an official notice from Nasdaq regarding its non-compliance with listing regulations. The core issue stems from delays in filing both its annual and quarterly reports. Nasdaq has announced its intention to suspend GTI's trading activities starting June 13, 2025. This suspension could significantly impact the company's market presence and investor confidence.

In response to this development, Graphjet Technology is actively planning to request a hearing. The objective of this hearing will be to contest Nasdaq's decision and aim for a resolution that prevents the suspension of its shares. The company's non-compliance has triggered a notice from the exchange, and it plans to appeal and request a hearing to stay the suspension.