Press release
Investigation announced for Investors in shares of Graphjet Technology (NASDAQ: GTI) Investor over possible Violations of Securities Laws
An investigation for investors in Graphjet Technology (NASDAQ: GTI) shares over potential securities laws violations.
Investors who purchased shares of Graphjet Technology (NASDAQ: GTI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Graphjet Technology (NASDAQ: GTI) concerning whether a series of statements by Graphjet Technology regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Malaysia based Graphjet Technology Sdn. Bhd. engages in the production of graphene and graphite raw materials.
On June 4, 2024, Graphjet disclosed receipt of a delinquency notification letter from Nasdaq, 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.
Shares of Graphjet Technology (NASDAQ: GTI) declined from $14.00 per share on March 15, 2024, to as low as $2.65 per share on August 01, 2024.
Those who purchased shares of Graphjet Technology (NASDAQ: GTI) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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