Graphjet Technology Submits Form 10-K and Outlines Plans for Nasdaq Compliance

July 16, 2025 - 07:18

Graphjet Technology has officially submitted its Form 10-K, signaling a proactive approach to address compliance issues with Nasdaq. The company, known for its innovative methods of producing graphite and graphene from agricultural waste, is taking significant steps to enhance its financial standing and corporate governance.

In a notable development, Mr. Aiden Lee has assumed the role of the new controlling shareholder, bringing with him substantial financial backing that has enabled the company to finalize its fiscal audit for the year 2024. This leadership change is expected to instill renewed confidence among investors and stakeholders.

Moreover, Graphjet Technology is contemplating a reverse stock split as part of its strategy to meet Nasdaq's listing requirements. This move aims to bolster the company's stock price and improve its market position. As the company navigates these changes, it remains focused on its core mission of sustainable technology development and expanding its market reach in the graphite and graphene sectors.