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The filed complaint alleges that Graphjet Technology made materially false and/or misleading statements and/or failed to disclose that: Graphjet disclosed receipt of a delinquency notification letter from Nasdaq, on June 4, 2024, indicating that the Company was not in compliance with listing rules as a result of its failure to timely file its quarterly report for the quarter ended March 31, 2024 with the U.S. Securities and Exchange Commission. Following this news, Graphjet’s stock price dropped over 8% on June 5, 2024.
In order to be eligible to join the GTI class action lawsuit, you must have incurred a loss on shares of Graphjet purchased during the class period listed above.
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