Graphjet Technology Receives Notification Of Delinquency From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Graphjet Technology (NASDAQ:GTI) received a delinquency notification from Nasdaq for failing to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024. The company is working to resolve the issue, and the notice has no immediate effect on its Nasdaq listing.
June 04, 2024 | 8:19 pm
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Graphjet Technology received a delinquency notification from Nasdaq for not filing its Q1 2024 report on time. The company is working to resolve the issue, and the notice has no immediate effect on its Nasdaq listing.
The delinquency notice indicates a compliance issue, which can negatively impact investor sentiment in the short term. However, the company's efforts to resolve the issue and the lack of immediate effect on its listing mitigate the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100