The delisting is final and irreversible. Traders should expect minimal to no liquidity on OTC markets. Any remaining holders face severe illiquidity and potential further price erosion. Monitor for any going-private transaction or bankruptcy filing as the next likely corporate action.
Price Chart
Executive Summary
Nasdaq has determined to delist Graphjet Technology's Class A Ordinary Shares, effective July 23, 2026, following a prolonged compliance failure under Listing Rules 5250(c)(1) and 5450(b)(2)(C). The company exhausted all appeals, and shares have been suspended since November 13, 2025. This filing formalizes the final removal from Nasdaq, with the stock now trading OTC under GTIJF.
Key Facts
- Delisting effective July 23, 2026, per Nasdaq determination on July 10, 2026.
- Shares suspended since November 13, 2025; final delisting decision became final on December 26, 2025.
- Company failed to regain compliance under Listing Rules 5250(c)(1) and 5450(b)(2)(C).
- All appeals exhausted: Panel (Nov 11, 2025), Listing Council (Feb 24, 2026), no Board review.
- Formerly known as Energem Corp (name change August 20, 2021).
Financial Impact
Complete loss of Nasdaq listing; shares already suspended and trading OTC. No financial figures provided in filing.
Risk Factors
- Complete loss of exchange listing eliminates institutional and retail access.
- OTC trading may have very low volume and wide bid-ask spreads.
- Potential for further adverse events such as bankruptcy or involuntary dissolution.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0001354457-26-000672 |
| Document: 0001354457-26-000672-index-headers.html | 0001354457-26-000672 |
| Document: 0001354457-26-000672-index.html | 0001354457-26-000672 |
| Document: 0001354457-26-000672.txt | 0001354457-26-000672 |
US Market Status
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