Graphjet Plunges 10.34% Amid Nasdaq Compliance Concerns

On June 18, 2025, Graphjet's stock price plummeted by 10.34% during pre-market trading, reflecting significant market volatility and investor concerns.

Graphjet Technology, a leader in innovative technological solutions, has been navigating through a series of challenges. The company, which specializes in developing patented technologies to produce graphite and graphene from agricultural waste, has recently disclosed a stay of suspension and a pending hearing date with Nasdaq. This development comes as the company addresses listing compliance issues related to delayed financial filings.

Nasdaq has granted Graphjet Technology a stay on its trading suspension, allowing the company to continue trading until a hearing scheduled for July 17. This decision provides Graphjet with a critical window to address the compliance issues and potentially avoid delisting. The company's ability to secure this extension is a testament to its ongoing efforts to resolve the underlying problems and regain investor confidence.