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Graphjet Technology Faces Nasdaq Delisting as Stock Plummets 35%
Graphjet Technology Faces Nasdaq Delisting as Stock Plummets 35%
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Graphjet Technology''s (GTI) shares cratered 35% in pre-market trading after Nasdaq''s Listing Qualifications Department issued a delisting warning. The graphene materials producer failed to file required annual and quarterly reports, triggering a suspension set for June 13. While the company plans to appeal, investors continue exiting positions - compounding a 98.5% annual decline.
The exchange''s decisive action underscores the consequences of compliance failures in regulated markets. Graphjet''s inability to demonstrate a credible remediation plan contrasts sharply with TipRanks'' promoted tools for fundamental analysis, highlighting the value of transparent financial reporting.
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