Graphjet Technology (GTI) Crashes 35% - Delisting Threat Sparks Panic Selling
Graphjet Technology''s stock (GTI) just got crushed—plunging 35% in a single session as exchange delisting fears grip investors.
Here''s the wreckage:
The graphite play got caught in a perfect storm: missed compliance deadlines, evaporating liquidity, and that special Wall Street sauce—sheer panic. Trading floors are calling it a ''slow-motion dumpster fire'' as the ticker flirts with penny-stock territory.
Delisting looms like a guillotine. Nasdaq''s compliance team reportedly sent their third warning notice last week—market makers are already jumping ship. ''When the exchange starts measuring your coffin, it''s time to sell the hearses,'' quipped one cynical trader.
GTI''s collapse exposes crypto-adjacent tech stocks'' dirty secret: when the hype cycle ends, gravity works fast. The stock now sits 82% below its SPAC debut price—a masterclass in how not to ride the battery materials boom.
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Graphjet Technology has failed to file its annual and quarterly reports for the periods ended Sept. 30, 2024, and Dec. 31, 2024. The Nasdaq’s Listing Qualifications Department has determined it will suspend the company’s shares when markets open on June 13 and will delist them from the exchange.
Graphjet Technology has the right to request an appeal of this decision and intends to do so. This could extend the time it has before a possible delisting, but there’s no guarantee that this will be the case.
GTI Stock Movement Today
GTI shareholders aren’t pleased about the delisting news. This has the company’s stock down 35.33% in pre-market trading, extending a 90.35% drop year-to-date and a 98.5% fall over the past 12 months.
