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Subsequent Events | 12 Months Ended
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Sep. 30, 2025
Subsequent Events [Abstract] |
Subsequent Events | Note 22 – Subsequent Events On October 16, 2025, Graphjet Technology (the “Company”) entered into that certain Master Loan Agreement (the “Loan Agreement”) with International Liquidity, LLC (“Lender”) providing for a secured, non-recourse term loan (the “Liquidity Loan”) in a principal amount equal to 65.00% of the fair market value of the pledged collateral, currently estimated at approximately $7 million. The outstanding principal balance of the Liquidity Loan bears a fixed interest rate at 5.0% per annum, payable in quarterly installments beginning on the first banking day of the third month following the closing and every third month thereafter. The Liquidity Loan matures five (5) years after the initial closing. The Liquidity Loan is secured by a pledge of 3,157,000 shares of the Company (the “Pledged Shares”) to be issued to the Lender, as described in that certain Master Pledge Agreement (the “Pledge Agreement”) entered into by the Company and the Lender in connection with the Loan Agreement. On November 11, 2025, the Company was informed by the Nasdaq Hearings Panel that its Class A Ordinary Shares would be delisted from the Nasdaq Global Market. The Panel has determined that the Company’s securities will be suspended from trading on Nasdaq at the open of trading on November 13, 2025. On November 12, 2025, the Company was informed that trading of its ordinary shares will commence on the OTC Markets under the ticker symbol “GTIJF”, effective on November 13, 2025. On November 25, 2025, the Company appealed to the Nasdaq Listing and Hearing Review Council under Nasdaq Listing Rule 5820, requested that (i) review and reverse the Panel’s delisting decision of November 11, 2025; and (ii) grant a stay of the Panel’s decision pending the Council’s review of the Company’s appeal in order to allow the Company to complete and present a detailed, evidence-based compliance plan demonstrating a clear and credible path to regain compliance with the Nasdaq Listing Rules. Nasdaq acknowledged the appeal on November 26, 2025, and requested the Company’s plan and supporting documents by December 10, 2025. On December 1, 2025, the Company entered into a Debt Settlement and Subscription Agreement with Aiden Lee Ping Wei to partially settle the outstanding bonus provision. Under the agreement, the Company had on December 5, 2025 issued 635,000 Class A Ordinary Shares at an issue price of $0.972 per share aggregating to settlement of $617,220. On December 10, 2025, the Company submitted its formal appeal together with an updated, documentation-backed compliance plan requesting that the Council (i) review and reverse the Panel’s decision and (ii) authorize a provisional relisting of the Company’s Class A ordinary shares on The Nasdaq Global Market during the pendency of the Council’s review to facilitate implementation of the compliance plan. On December 22, 2025, the Company’s stockholders approved the amended and restated memorandum and articles of association (the “Third A&R M&A”) to increase the Company’s authorized share capital from $50,000 consisting of 8,333,333 Class A ordinary shares of $0.006 per share to $6,000,000 consisting of 1,000,000,000 Class A ordinary shares of $0.006 per share.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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