SPAC · Merger completed
Energem Corp
Business combination with Graphjet Technology Sdn. Bhd.
Energem Corp is a blank-check company (SPAC) that raised $100M in its initial public offering on Nov 17, 2021, listing on Nasdaq. It completed its business combination with Graphjet Technology Sdn. Bhd. on Mar 14, 2024; the combined company is Graphjet Technology (GTI). Benchmark led the IPO, with Drexel Hamilton. Rimon advised the SPAC and Lucosky Brookman advised the underwriters on the IPO.
Graphjet Technology Sdn. Bhd., founded in 2019 in Malaysia, produces graphene and graphite. It uses a patented process that recycles palm kernel shells, a waste product of palm oil production, into single-layer graphene and artificial graphite.
- Status
- Merger completed
- IPO date
- Nov 17, 2021
- IPO size
- $100M
- IPO exchange
- Nasdaq
- Target
- Graphjet Technology Sdn. Bhd.
- Announced
- Jan 17, 2023
- Closed
- Mar 14, 2024
- Combined company
- Graphjet Technology (GTI)
- IPO underwriters
- Benchmark and Drexel Hamilton
- SPAC counsel (IPO)
- Rimon
- Underwriters' counsel (IPO)
- Lucosky Brookman
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Nov 17, 2021
- Deal announcement (8-K) Jan 17, 2023
- Press release
- All filings on EDGAR CIK 1879373
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