GRAPHJET TECHNOLOGY 8-K

What Happened

• Graphjet Technology (a Cayman Islands exempted company) announced that on February 24, 2026 the Nasdaq Listing and Hearing Review Council affirmed the Nasdaq Hearings Panel’s prior decision to delist the Company’s Class A ordinary shares. The Panel originally determined to delist the shares on November 11, 2025, with the delisting effective November 13, 2025. The Company appealed the Panel’s decision on November 25, 2025 (Docket No. NQ 7187N-25) and proposed a compliance plan based on Nasdaq Listing Rule 5450(b)(1); the Listing Council reviewed the record and affirmed the delisting.

Key Details

• Date appeal affirmed: February 24, 2026.
• Original Panel delisting decision: November 11, 2025; delisting effective November 13, 2025.
• Grounds for delisting: deficiencies under Nasdaq Listing Rules 5450(b)(2) (market value of listed securities) and 5450(b)(3)(C) (market value of publicly held shares).
• Company’s proposed remedy: compliance under Rule 5450(b)(1) (stockholders’ equity of at least $10 million and market value of publicly held shares of at least $5 million); the Listing Council nonetheless affirmed delisting.

Why It Matters

• The Listing Council’s decision confirms the Company’s securities are not listed on The Nasdaq Stock Market, which can reduce liquidity and investor access to trading on that national exchange. For holders, that can affect how easily shares trade and who may be willing or permitted to hold them (institutions often limit holdings of delisted securities). The company proposed an equity-based compliance plan but the appeal outcome means the Nasdaq delisting determination stands.