Graphjet Technology, The World's Only Direct Biomass-to-Graphite Producer, Completes Transaction and Will Begin Trading on Nasdaq [Yahoo! Finance]
Energem Corp - Unit (ENCPU)
Company Research
Source: Yahoo! Finance
Graphjet's vertically integrated environmentally friendly solution provides up to an 83% reduction in carbon footprint and up to an 80% reduction in cost compared to traditional processes Graphjet is well positioned for growth, with a new facility beginning production in Q2 2024, to support a $30 million offtake customer agreement with Toyoda KUALA LUMPUR, Malaysia, March 14, 2024 (GLOBE NEWSWIRE) -- Graphjet Technology (“Graphjet” or “the Company”), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, and Energem Corp. (“Energem”) (Nasdaq: ENCP, ENCPW) today announced they have closed their previously announced business combination (“the Business Combination”). The transaction, which was approved on February 28, 2024, by Energem stockholders, creates the only pure-play publicly traded direct biomass-to-graphite company, establishing the Company as the leading source of graphite and graphene for the U.S market. Beginnin
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News
- Graphjet Technology Accelerates Production Timeline at State-of-the-Art Manufacturing Plant in Malaysia [Yahoo! Finance]Yahoo! Finance
- Energem Corp. Announces Shareholder Approval of Business Combination with Graphjet Technology Sdn. Bhd. [Yahoo! Finance]Yahoo! Finance
- Energem Corp Announces Postponement of Extraordinary General Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance