Core Viewpoint - Graphjet Technology has received a notice from Nasdaq regarding non-compliance with listing rules due to the failure to file its Quarterly Report on Form 10-Q for the period ended June 30, 2025 [1][3]. Company Summary - Graphjet Technology Sdn. Bhd. was founded in 2019 in Malaysia and specializes in producing graphene and graphite using patented technology that recycles palm kernel shells [4]. - The company aims to transform the graphite and graphene supply chain globally through sustainable production methods [4]. Compliance and Listing Status - The notice from Nasdaq does not have an immediate effect on the trading of Graphjet's ordinary shares, which will continue to trade under the symbol "GTI" [2]. - Nasdaq has requested a written response from the company regarding the notice by August 27, 2025, and the company is working to file the Form 10-Q by the agreed deadline of September 15, 2025 [3].

Core Viewpoint - Graphjet Technology has announced a share consolidation at a ratio of 1-for-60, effective August 25, 2025, to increase the trading price of its ordinary shares to meet Nasdaq's listing requirements [1][6]. Group 1: Share Consolidation Details - The share consolidation will automatically combine every 60 ordinary shares into one ordinary share, with no effect on shareholders' percentage ownership, except for fractional shares [3][6]. - The par value of the ordinary shares will be increased from $0.0001 to $0.006 per share as part of the consolidation [1]. - The new CUSIP number for the ordinary shares post-consolidation will be G30449139 [2]. Group 2: Implementation and Process - The share consolidation will take effect at 12:01 a.m. Eastern Time on August 25, 2025, with trading on a split-adjusted basis commencing at the market open on the same day [2]. - Continental Stock Transfer & Trust Company will act as the exchange agent for the share consolidation, automatically adjusting positions for shareholders holding shares electronically [5]. - Fractional shares resulting from the consolidation will be rounded up to the nearest whole share, ensuring no fractional shares are issued [4]. Group 3: Company Background - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite using patented technology that recycles palm kernel shells [8]. - The company's sustainable production methods aim to transform the global graphite and graphene supply chain by utilizing waste agricultural products [8].

Core Viewpoint - Graphjet Technology's shareholders have approved a share consolidation proposal, reflecting confidence in the company's plans to comply with Nasdaq requirements [1][4]. Group 1: Share Consolidation Details - The approved proposal allows the Board to consolidate shares at a ratio between 1-for-50 and 1-for-150, with a final ratio of 1-for-60 being set by the Board [2]. - The company plans to file Amended and Restated Memorandum and Articles of Association in the Cayman Islands once the effective date of the share consolidation is determined [3]. Group 2: Compliance and Financial Reporting - The approval indicates shareholders' confidence in the company's strategy to regain compliance with Nasdaq [4]. - The company has filed its Form 10-Q for December 31, 2024, and is working on the Form 10-Q for March 31, 2025, aiming to meet the September 15, 2025 deadline set by Nasdaq [5]. Group 3: Company Background - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite using patented technology that recycles palm kernel shells [6]. - The company's sustainable production methods aim to transform the global graphite and graphene supply chain [6].

Core Insights - Graphjet Technology received a visit from management executives of a leading South Korean conglomerate, marking a significant step towards potential supply agreements in the battery materials sector [1][4] - The South Korean group reported consolidated revenues of KRW72.688 trillion (USD 52.6 billion) in 2024, with a focus on high-growth sectors such as lithium extraction and carbon-neutral technologies [2] - Discussions during the visit centered on Graphjet's graphite materials, clean energy integration, and next-generation battery development [3] Company Overview - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite using patented technology that recycles palm kernel shells [4] - The company's sustainable production methods aim to transform the global graphite and graphene supply chain [4] Industry Context - The South Korean conglomerate is recognized as an emerging leader in the battery materials industry, with a strategic roadmap focused on energy transition and sustainability [2] - The visit opens opportunities for Graphjet to supply products to major battery manufacturers and AI chip producers in Asia and North America [4]

Company Overview - Graphjet Technology has received a decision letter from the Nasdaq Hearings Panel allowing it to continue its listing on Nasdaq, contingent upon compliance with specific listing rules by set deadlines [1][2][3] - The company specializes in producing graphene and graphite from agricultural waste, specifically palm kernel shells, utilizing patented technology [7] Compliance and Regulatory Requirements - The company must demonstrate compliance with the Bid Price Rule by August 29, 2025, and the Periodic Filing Rule by September 15, 2025 [2] - An update on the company's fundraising plans is required by September 30, 2025 [2][3] Market Opportunities - Graphjet is positioned to benefit from China's export restrictions on graphite and increased tariffs on graphite imports to the US, leading to a global shortage of graphite [5] - The company’s production method, which uses recycled agricultural waste, allows it to provide an alternative source of graphite for electric vehicle batteries [5] Expansion Plans - The company plans to build a manufacturing plant in Nevada, which is expected to create new job opportunities and support the electric vehicle market amid graphite supply shortages [6]

Core Insights - Graphjet Technology has engaged with a Japanese trading company to discuss sustainable graphite materials, indicating a growing interest in green technologies within the industry [1][2][4] Company Overview - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite using a patented process that recycles palm kernel shells, a waste product from palm oil production [6] - The company aims to revolutionize the graphite and graphene supply chain globally through its sustainable production methods [6] Industry Context - The Japanese trading company involved in the discussions has a significant presence in various sectors, including aerospace and chemicals, with an annual revenue of approximately ¥30 billion (around $273 million) [3] - This collaboration aligns with global decarbonization efforts and the push for green manufacturing practices, highlighting the industry's shift towards sustainability [2][5] Future Collaboration - The visit by the Japanese delegation included a tour of Graphjet's R&D facilities, emphasizing the potential for future partnerships in sustainable graphite production [4] - Graphjet's commitment to advancing green innovation positions it favorably within the evolving market landscape [5]

Core Viewpoint - Graphjet Technology is undergoing significant changes, including a new controlling shareholder and plans to address Nasdaq compliance issues, which are crucial for the company's future growth and funding opportunities [2][3][4]. Group 1: Shareholder Changes and Funding - The new controlling shareholder, Mr. Aiden Lee, has contributed funds to facilitate the company's transformation and complete its audit for the fiscal year ending September 30, 2024 [2]. - The company is in discussions with several parties interested in funding, which will help in expanding its capacity and capabilities [6]. Group 2: Nasdaq Compliance and Hearings - Graphjet is actively working to resolve non-compliance with Nasdaq listing requirements and has engaged an experienced accounting firm to assist in completing the Form 10Qs for December 31, 2024, and March 31, 2025 [3]. - A hearing before the Nasdaq Hearings Panel is scheduled for July 17, 2025, where the company will appeal the delisting determination [4]. Group 3: Shareholders' Meeting and Reverse Split - A shareholders' meeting is set for July 30, 2025, to discuss a reverse split exercise aimed at meeting minimum price bids [5]. - The company is confident in securing shareholder approval for the reverse split, which is essential for compliance with Nasdaq requirements [5]. Group 4: Business Model and Technology - Graphjet Technology specializes in producing graphite and graphene from agricultural waste, specifically palm kernel shells, utilizing patented technology [8]. - The company's sustainable production methods are expected to transform the global graphite and graphene supply chain [8].

Company Overview - Graphjet transforms palm kernel shells into high-quality artificial graphite and graphene materials[9] - The company's proprietary manufacturing technology reduces carbon footprint by up to 83% and costs by up to 80%[10, 14] - Commercial scale production began in November 2024 in Malaysia[9, 22] Market Opportunity - The global graphite market was $17.5 billion in 2022 and is projected to reach $25 billion in 2027, with a CAGR of 7.3%[14] - The global graphite market is anticipated to grow from US$22B up to US$50B at an 8.5% CAGR from 2021 to 2031[41] - The global EV market is forecasted to grow at an estimated 29% CAGR from 2020 to 2030[43] Competitive Advantages - Palm kernel shell graphene production reduces carbon emissions by up to 83% compared to competitors[14, 37] - Graphjet's direct material cost for graphene is $3,498 per ton, significantly lower than the market price of $6,000 to $10,000 per ton for mineral graphene[36] - Graphjet's palm kernel shell graphite is cost-effective at $4,545 per ton, compared to $8,000 to $11,000 per ton for mineral graphite and $20,000 per ton for artificial coal/petroleum-based graphite[36] Strategic Positioning - Malaysia generates approximately 5 million tons of palm kernel shells annually, providing a sustainable source for graphite and graphene production[23, 35] - China holds 74% of the total supply chain for graphite anodes[48]