Graphjet Technology Regains Compliance with Nasdaq
Graphjet Technology (Nasdaq: GTI), a pioneer in converting agricultural waste into graphite and graphene, has regained compliance with Nasdaq listing standards. The company had previously been notified of non-compliance on June 4, 2024, due to a delay in filing its Q1 2024 10-Q report. However, following the submission of the required document on June 20, 2024, Nasdaq has confirmed that Graphjet now meets all applicable listing criteria.
This development ensures Graphjet's continued presence on the Nasdaq stock exchange, maintaining its visibility and access to capital markets. The timely resolution of this compliance issue demonstrates the company's commitment to meeting regulatory requirements and transparency in financial reporting.
Graphjet Technology (Nasdaq: GTI), pioniere nella conversione dei rifiuti agricoli in grafite e grafene, ha riottenuto la conformità agli standard di quotazione del Nasdaq. L'azienda era stata precedentemente informata della non conformità il 4 giugno 2024, a causa di un ritardo nella presentazione del suo report 10-Q del primo trimestre 2024. Tuttavia, a seguito della presentazione del documento richiesto il 20 giugno 2024, il Nasdaq ha confermato che Graphjet ora soddisfa tutti i criteri di quotazione applicabili.
Questo sviluppo garantisce la continua presenza di Graphjet sul mercato azionario del Nasdaq, mantenendo la sua visibilità e accesso ai mercati dei capitali. La tempestiva risoluzione di questa problematica di conformità dimostra l'impegno dell'azienda a rispettare i requisiti normativi e a garantire trasparenza nella reportistica finanziaria.
Graphjet Technology (Nasdaq: GTI), pionera en convertir residuos agrícolas en grafito y grafeno, ha recuperado la conformidad con los estándares de listado del Nasdaq. La empresa había recibido previamente notificación de no conformidad el 4 de junio de 2024, debido a un retraso en la presentación de su informe 10-Q del primer trimestre de 2024. Sin embargo, tras la entrega del documento requerido el 20 de junio de 2024, el Nasdaq ha confirmado que Graphjet ahora cumple con todos los criterios de listado aplicables.
Este desarrollo asegura la continua presencia de Graphjet en la bolsa de valores del Nasdaq, manteniendo su visibilidad y acceso a los mercados de capitales. La pronta resolución de este problema de cumplimiento demuestra el compromiso de la empresa con los requisitos regulatorios y la transparencia en la información financiera.
Graphjet Technology (Nasdaq: GTI)는 농업 폐기물을 흑연과 그래핀으로 전환하는 선구자로서, Nasdaq 상장 기준에 대한 준수 상태를 회복했습니다. 회사는 2024년 6월 4일에 2024년 1분기 10-Q 보고서 제출 지연으로 인해 비준수 통지를 받았습니다. 그러나 2024년 6월 20일에 필요한 문서를 제출한 후 Nasdaq는 Graphjet가 이제 모든 적용 가능한 상장 기준을 충족한다고 확인했습니다.
이 발전은 Graphjet의 Nasdaq 주식 거래소에서의 지속적인 존재를 보장하며, 자본 시장에 대한 가시성과 접근성을 유지합니다. 이 준수 문제의 시기적절한 해결은 회사가 규제 요구 사항을 준수하고 재무 보고의 투명성을 유지하기 위한 노력을 보여줍니다.
Graphjet Technology (Nasdaq: GTI), pionnier dans la conversion des déchets agricoles en graphite et en graphène, a récupéré sa conformité aux normes de cotation de Nasdaq. L'entreprise avait précédemment été informée d'un non-respect le 4 juin 2024 en raison d'un retard dans le dépôt de son rapport 10-Q du premier trimestre 2024. Cependant, suite à la soumission du document requis le 20 juin 2024, Nasdaq a confirmé que Graphjet respecte désormais tous les critères de cotation applicables.
Ce développement garantit la présence continue de Graphjet sur la bourse Nasdaq, en maintenant sa visibilité et son accès aux marchés financiers. La résolution rapide de ce problème de conformité témoigne de l'engagement de l'entreprise à respecter les exigences réglementaires et à assurer la transparence dans ses rapports financiers.
Graphjet Technology (Nasdaq: GTI), ein Pionier in der Umwandlung landwirtschaftlicher Abfälle in Graphit und Graphen, hat die Konformität mit den Börsenstandards von Nasdaq wiedererlangt. Das Unternehmen war am 4. Juni 2024 wegen verspäteter Einreichung seines 10-Q-Berichts für das erste Quartal 2024 über die Nichteinhaltung informiert worden. Nach der Einreichung des erforderlichen Dokuments am 20. Juni 2024 hat Nasdaq jedoch bestätigt, dass Graphjet nun alle anwendbaren Zulassungskriterien erfüllt.
Diese Entwicklung sichert Graphjets fortwährende Präsenz an der Nasdaq-Börse und bewahrt seine Sichtbarkeit sowie den Zugang zu den Kapitalmärkten. Die zeitnahe Lösung dieses Konformitätsproblems zeigt das Engagement des Unternehmens, regulatorische Anforderungen zu erfüllen und Transparenz in der finanziellen Berichterstattung zu gewährleisten.
- Regained compliance with Nasdaq listing standards
- Timely resolution of regulatory filing issue
- Maintained listing on Nasdaq stock exchange
- None.
KUALA LUMPUR, Malaysia, July 31, 2024 (GLOBE NEWSWIRE) -- Graphjet Technology (“Graphjet” or “the Company”) (Nasdaq:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, today announced that it has received formal notice from the Nasdaq Stock Market (“Nasdaq”) stating that it is now in compliance with all applicable listing standards.
As previously announced, the Company was notified by Nasdaq on June 4, 2024, that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s failure to have timely filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, with the Securities and Exchange Commission. Based on the June 20, 2024, filing of Graphjet’s Form 10-Q for the period ended March 31, 2024, Nasdaq determined that the Company now complies with the Rule.
About Graphjet Technology Sdn. Bhd.
Graphjet Technology Sdn. Bhd. (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world’s first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet’s sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit https://www.graphjettech.com/.
Cautionary Statement Regarding Forward-Looking Statements
The information in this press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Graphjet competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Graphjet will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) Graphjet is beginning the commercialization of its technology and it may not have an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Graphjet’s industry and market size; (v) financial condition and performance of Graphjet, including the anticipated benefits, the implied enterprise value, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Graphjet; (vi) Graphjet’s ability to develop and manufacture its graphene and graphite products; and (vii) those factors discussed in our filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the documents to be filed by Graphjet from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Graphjet may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Graphjet does not give any assurance that Graphjet will achieve its expectations.
Graphjet Technology Contacts
Investors
GraphjetIR@icrinc.com
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