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Energem Corp (“Energem”) (NASDAQ:ENCP, ENCPW))), a special purpose acquisition company, and Graphjet Technology Sdn. Bhd., a Malaysian private limited company and owner of the world’s first patent-pending technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite (“Graphjet”) today announced the submission of a confidential draft Registration Statement on Form F-4 to the U.S. Securities and Exchange Commission (the “SEC”) with respect to their previously announced proposed business combination.
The proposed business combination, which has been approved by the boards of directors of Energem and Graphjet, is expected to be completed in early 2023, subject to, among other things, the approval by Energem’s shareholder, satisfaction of the conditions stated in the definitive agreement and other customary closing conditions, including a registration statement being declared effective by the SEC and approval by The Nasdaq Stock Market to list the securities of the combined entity.
Upon the closing of the business combination between Energem and Graphjet, Energem expects to be renamed Graphjet Technology and, as a publicly listed holding company, with Graphjet as its wholly-owned subsidiary, be listed on the Nasdaq Global Market under the ticker symbol “GTI.”
Posted In: ENCP
