Graphjet Board of Directors Determines Effective Date for Share Consolidation
Graphjet Technology (NASDAQ: GTI) has announced the effective date for its previously approved 1-for-60 share consolidation. The consolidation will take effect on August 25, 2025, at 12:01 a.m. Eastern Time, with trading beginning on the same day under the existing symbol "GTI" on the Nasdaq Global Market.
The consolidation will reduce the par value from $0.0001 to $0.006 per share and includes rounding up of fractional shares. The move aims to increase the trading price to meet Nasdaq's continued listing requirements. Shareholders approved the consolidation on August 7, 2025, and the company filed its Amended and Restated Memorandum and Articles of Association on August 13, 2025.
Graphjet Technology (NASDAQ: GTI) ha comunicato la data di efficacia della già approvata riduzione del numero di azioni in circolazione con rapporto 1 per 60. La concentrazione avrà effetto il 25 agosto 2025 alle 00:01, orario della costa orientale, e le azioni saranno negoziate lo stesso giorno sul Nasdaq Global Market con il simbolo esistente "GTI".
La manovra porterà il valore nominale da 0,0001$ a 0,006$ per azione e prevede l'arrotondamento per eccesso delle frazioni di azione. L'obiettivo è incrementare il prezzo di mercato per soddisfare i requisiti di quotazione continuativa del Nasdaq. Gli azionisti hanno approvato l'operazione il 7 agosto 2025 e la società ha depositato il proprio Amended and Restated Memorandum and Articles of Association il 13 agosto 2025.
Graphjet Technology (NASDAQ: GTI) ha anunciado la fecha de vigencia de la ya aprobada consolidación de acciones 1 por 60. La consolidación entrará en vigor el 25 de agosto de 2025 a las 00:01, hora del Este, y las acciones comenzarán a cotizar ese mismo día en el Nasdaq Global Market bajo el símbolo existente "GTI".
La operación reducirá el valor nominal de 0,0001$ a 0,006$ por acción e incluye el redondeo hacia arriba de las fracciones de acción. La medida busca elevar el precio de cotización para cumplir con los requisitos de permanencia en el Nasdaq. Los accionistas aprobaron la consolidación el 7 de agosto de 2025, y la empresa presentó su Amended and Restated Memorandum and Articles of Association el 13 de agosto de 2025.
Graphjet Technology (NASDAQ: GTI)가 이미 승인된 1주당 60주 병합(주식 병합)의 발효일을 발표했습니다. 병합은 2025년 8월 25일 동부시간 00:01에 효력이 발생하며, 동일한 날 나스닥 글로벌 마켓에서 기존 심볼 "GTI"로 거래를 시작합니다.
이번 병합으로 액면가는 주당 $0.0001에서 $0.006로 변경되며, 소수주에 대해서는 올림 처리됩니다. 이번 조치는 거래가격을 올려 나스닥의 상장 유지 요건을 충족하려는 목적입니다. 주주들은 2025년 8월 7일에 병합을 승인했으며, 회사는 2025년 8월 13일에 정관(Amended and Restated Memorandum and Articles of Association)을 제출했습니다.
Graphjet Technology (NASDAQ: GTI) a annoncé la date d’entrée en vigueur de la regroupement d’actions 1 pour 60 déjà approuvé. Le regroupement prendra effet le 25 août 2025 à 00h01, heure de l’Est, et les titres commenceront à être négociés le même jour sur le Nasdaq Global Market sous le symbole existant "GTI".
Cette opération fera passer la valeur nominale de 0,0001$ à 0,006$ par action et prévoit l’arrondissement à la hausse des fractions d’action. L’objectif est de relever le cours pour satisfaire aux exigences de cotation continue du Nasdaq. Les actionnaires ont approuvé le regroupement le 7 août 2025, et la société a déposé son Amended and Restated Memorandum and Articles of Association le 13 août 2025.
Graphjet Technology (NASDAQ: GTI) hat das Wirksamkeitsdatum seiner bereits genehmigten Aktienzusammenlegung im Verhältnis 1 zu 60 bekanntgegeben. Die Konsolidierung tritt am 25. August 2025 um 00:01 Uhr Eastern Time in Kraft, und der Handel beginnt am selben Tag am Nasdaq Global Market unter dem bestehenden Ticker "GTI".
Durch die Maßnahme wird der Nennwert von $0,0001 auf $0,006 je Aktie angehoben; Bruchanteile werden aufgerundet. Ziel ist es, den Handelspreis zu erhöhen, um die fortlaufenden Zulassungsanforderungen der Nasdaq zu erfüllen. Die Aktionäre stimmten der Konsolidierung am 7. August 2025 zu, und das Unternehmen reichte am 13. August 2025 das geänderte und neu gefasste Memorandum and Articles of Association ein.
- Share consolidation aims to maintain Nasdaq listing compliance
- No loss of percentage ownership for shareholders
- Fractional shares will be rounded up to benefit shareholders
- Indicates potential listing compliance issues with Nasdaq
- Significant reduction in outstanding shares could impact trading liquidity
New York, United States, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Graphjet Technology (NADSAQ: GTI) (the “Company”) today announced that its board of directors (the “Board”) has determined the effective date for the previously approved share consolidation of the Company’s ordinary shares at a ratio of 1-for-60 and to reduce the par value of the Company’s ordinary shares from
The Share Consolidation will become effective as of 12:01 a.m. Eastern Time on August 25, 2025 and the Company’s ordinary shares are expected to begin trading on a split-adjusted basis on The Nasdaq Global Market under the Company’s existing trading symbol “GTI”, at the open of trading on August 25, 2025. The new CUSIP number for the ordinary shares following the Share Consolidation will be G30449139.
Upon effectiveness of the Share Consolidation, every 60 ordinary shares issued and outstanding will automatically be combined into one ordinary share. The Share Consolidation will not affect any shareholder’s percentage ownership, except for adjustments that may result from the treatment of fractional shares.
No fractional shares will be issued in connection with the Share Consolidation. Instead, any fractional share that would otherwise result from the Share Consolidation will be rounded up to the nearest whole share.
The Company’s transfer agent, Continental Stock Transfer & Trust Company, will act as exchange agent for the Share Consolidation. Shareholders holding their shares electronically in book-entry form or through a bank, broker, or other nominee will have their positions automatically adjusted to reflect the Share Consolidation, subject to the treatment of fractional shares.
The Share Consolidation was approved by the Company’s shareholders at the extraordinary general meeting held on August 7, 2025, and the specific ratio was subsequently determined by the Board. Following shareholder approval, on August 13, 2025, the Company filed its Amended and Restated Memorandum and Articles of Association in the Cayman Islands. The Share Consolidation is intended to increase the trading price of the ordinary shares to meet Nasdaq’s continued listing requirements.
For additional information, please refer to the Company’s filings with the U.S. Securities and Exchange Commission, including the definitive proxy filed on July 11, 2025.
About Graphjet Technology Sdn. Bhd.
Graphjet Technology Sdn. Bhd. (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world’s first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet’s sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit https://www.graphjettech.com/.
Cautionary Statement Regarding Forward-Looking Statements
The information in this press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Graphjet competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Graphjet will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) Graphjet is beginning the commercialization of its technology and it may not have an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Graphjet’s industry and market size; (v) financial condition and performance of Graphjet, including the anticipated benefits, the implied enterprise value, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Graphjet; (vi) Graphjet’s ability to develop and manufacture its graphene and graphite products; and (vii) those factors discussed in our filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the documents to be filed by Graphjet from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Graphjet may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Graphjet does not give any assurance that Graphjet will achieve its expectations.
Graphjet Technology Contacts
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FAQ
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