Graphjet Stock Soars 33.77% on Nasdaq Listing Stay

On June 17, 2025, Graphjet's stock surged by 33.77% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Graphjet Technology, a leader in developing technologies for producing graphite and graphene from agricultural waste, has received a temporary stay of suspension on its Nasdaq listing. This stay ensures that the company's Class A Ordinary Shares will continue trading on Nasdaq until a hearing scheduled for July 17, 2025. The stay follows a determination letter from Nasdaq received on June 4, 2025, which cited Graphjet for non-compliance with Nasdaq Listing Rule 5250(c)(1) due to delayed financial report filings. Specifically, GTI has not filed its Annual Report (Form 10-K) for the period ending September 30, 2024, and its Quarterly Reports (Form 10-Q) for the periods ending December 31, 2024, and March 31, 2025.

The upcoming hearing will be crucial for Graphjet as it provides the company the opportunity to present a plan to address its compliance issues. Failure to satisfactorily resolve these issues could result in delisting, forcing a shift to less liquid over-the-counter markets, which can impact shareholder value and institutional ownership.