Kuala Lumpur, Malaysia–(Newsfile Corp. – December 18, 2022) – Graphjet Know-how Sdn. Bhd. (“Graphjet,” “GTI” or the “Organization”), the world’s first and only graphene and graphite producer working with modern waste to super-content conversion engineering, currently introduced that it has develop into a aspect of the World Financial Discussion board New Champions Group, a group of function driven dynamic mid-sizing, significant-advancement providers that are championing new enterprise styles, emerging systems, and sustainable progress strategies in the Fourth Industrial Revolution to develop a far better long run.
The Entire world Economic Forum is the Global Firm for Community-Non-public Cooperation dedicated to changing the condition of the entire world. The Discussion board engages the foremost political, enterprise, cultural and other leaders of society to shape global, regional and field agendas. It was set up in 1971 as a not-for-profit basis and is headquartered in Geneva, Switzerland. It is independent, neutral and not tied to any unique passions. The Discussion board strives in all its initiatives to reveal entrepreneurship in the world-wide public desire while upholding the maximum specifications of governance. The Forum believes that development occurs by bringing with each other individuals from all walks of lifestyle who have the push and the impact to make favourable modify.
Aiden Lee Ping Wei, CEO and Founder of Graphjet, mentioned: “The Planet Financial Discussion board is the world thought chief on critical concerns these kinds of as electrical power transition and carbon emission reduction, straight aligned to Graphjet’s mission to provide sustainably sourced graphite and graphene vital to new power innovation and net-zero contribution applications vital to battling worldwide local weather alter. We believe that sustainably sourced, very low carbon emission graphite and graphene production at a price up to 80{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} much less than classic producers can rework and accelerate innovation significant to the new electricity economy.”
Privately held Graphjet has also beforehand announced a projected $1.5 billion company blend with Energem Corp (“Energem“) (Nasdaq: ENCP), a special intent acquisition enterprise, by which Graphjet will turn out to be a United States centered holding company stated on Nasdaq.
“Graphjet’s sustainability goals align immediately with the missions of the World Financial Forum and the most forward wondering corporate citizens around the planet. Dependent in Malaysia, which is the 2nd largest producer in the world of palm kernel oil, our modern conversion technologies takes advantage of the agricultural waste from this approach as feed inventory for the production of superior grade and very affordable tremendous elements at mass scale necessary to push strength and carbon-zero technologies to scale. We are setting up an business in Malaysia that can be replicated globally to deliver sustainability to the forefront of daily contemplating. From carbon emission reduction to economic development to supply chain resiliency for produced and underdeveloped nations alike, Graphjet is psyched to be a part of with other top international innovation organizations seeking to revolutionize complete industries through responsible corporate citizenship,” reported Aiden Lee Ping Wei.
The Graphjet-Energem Proposed Mix
The proposed business mix, which has been authorized by the boards of directors of Energem and Graphjet, is predicted to be concluded in early 2023, subject matter to, between other things, the approval by Energem’s shareholder, fulfillment of the problems said in the definitive agreement and other customary closing disorders, which includes a registration statement remaining declared successful by the SEC and approval by The Nasdaq Inventory Sector to list the securities of the blended entity.
On the closing of the business enterprise mixture concerning Energem and Graphjet, Energem expects to be renamed Graphjet Technologies and, as a publicly shown holding business, with Graphjet as its wholly-owned subsidiary, be stated on the Nasdaq World Market place below the ticker symbol “GTI.”
About Graphjet Know-how Sdn. Bhd.
Graphjet Technologies Sdn. Bhd. was established in 2019 in Malaysia as an innovative and ESG-welcoming graphene and graphite producer. Graphjet Engineering has the world’s very first patent-pending technology to recycle palm kernel shells generated in the production of palm seed oil to generate single layer graphene and synthetic graphite at considerably lower expense than classic carbon-intense methods.
Graphene is presently a person of the greatest-profile resources in the entire world, also identified as “black gold” and the “king of new resources.” Graphene’s high electrical and thermal conductivity, hardness greater than that of a diamond and ultralight body weight helps make it essential to a range of innovative industries, like electric auto batteries, semiconductors, composite elements and biomedical programs. Graphjet’s sustainable generation techniques employing palm kernel shells, a widespread agricultural squander solution in Malaysia, will make a new paradigm and sustainable global provide chain to support graphite and graphene demand from customers. Added details is obtainable on line at https://www.graphjettech.com/.
About Energem Corp.
Energem Corp. is a blank examine organization fashioned for the needs of effecting a merger, funds share exchange, asset acquisition, share obtain, reorganization, or comparable enterprise mix with a person or additional power and/or sustainable purely natural source firms. In November 2021, Energem consummated a $115 million preliminary public featuring of 11.5 million models (reflecting the underwriters’ whole physical exercise of their more than-allotment selection), each and every unit is composed of 1 Class A ordinary share and a single redeemable warrant, each individual warrant entitles the holder to invest in just one Class A standard share at a value of $11.50 for each share. ARC Team Limited acted as sole financial advisor and EF Hutton, division of Benchmark Investments LLC, served as the sole ebook-running manager of Energem’s first public supplying.
Additional Info and The place to Find It
For further details on the proposed transaction, see Energem’s Recent Report on Kind 8-K, submitted with the SEC on August 2, 2022. In relationship with the proposed transaction, Energem intends to file applicable elements with the SEC, like a registration assertion on Form F-4 with the SEC, which will consist of a proxy assertion/prospectus, and will file other files with regards to the proposed transaction with the SEC. Energem’s shareholders and other interested persons are recommended to study, when readily available, the preliminary proxy assertion/prospectus and the amendments thereto and the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed organization combination, as these products will comprise critical information and facts about Graphjet and Energem and the proposed company blend. Immediately immediately after the Variety F-4 is declared productive by the SEC, Energem will mail the definitive proxy assertion/prospectus and a proxy card to each individual shareholder entitled to vote at the conference relating to the approval of the company blend and other proposals set forth in the proxy assertion/prospectus. Just before creating any voting or financial investment determination, buyers and shareholders of Energem are urged to thoroughly examine the full registration assertion and proxy statement/prospectus, when they come to be accessible, and any other suitable documents submitted with the SEC, as perfectly as any amendments or nutritional supplements to these files, since they will include essential data about the proposed transaction. The files filed by Energem with the SEC could be received absolutely free of cost at the SEC’s web site at www.sec.gov, or by directing a ask for to Energem Corp., Degree 3, Tower 11, Avenue 5, No. 8, Jalan Kerinchi, Bangsar South, Wilayah Persekutuan, Kuala Lumpur, Malaysia.
Contributors in the Solicitation
Energem Corp. and sure of its directors, govt officers and other associates of management and workers may, under SEC policies, be deemed to be individuals in the solicitation of proxies from Energem’s shareholders in relationship with the proposed transaction. A listing of the names of all those administrators and govt officers and a description of their passions in Energem will be involved in the proxy statement/prospectus for the proposed organization mixture when readily available at www.sec.gov. Info about Energem’s administrators and government officers and their ownership of Energem normal shares is set forth in Energem’s last prospectus dated November 15, 2021 and submitted with the SEC on November 17, 2021, as modified or supplemented by any Type 3 or Type 4 submitted with the SEC considering the fact that the day of these kinds of submitting. Other details about the passions of the individuals in the proxy solicitation will be provided in the proxy assertion/prospectus pertaining to the proposed organization mixture when it becomes obtainable. These files can be obtained cost-free of cost from the source indicated over.
Graphjet Technology Sdn. Bhd. and its directors and executive officers may well also be considered to be members in the solicitation of proxies from the shareholders of Energem in link with the proposed organization mix. A checklist of the names of this sort of administrators and govt officers and data regarding their pursuits in the proposed business enterprise blend will be included in the proxy statement/prospectus for the proposed enterprise mix.
Supplemental info pertaining to the individuals in the proxy solicitation and a description of their direct and oblique passions is included in the proxy assertion/prospectus filed with the SEC on Sort F-4. Shareholders, likely traders and other intrigued people really should browse the proxy statement/prospectus cautiously when it becomes accessible in advance of building any voting or expense decisions. You may perhaps get free of charge copies of these paperwork from the sources indicated higher than.
Cautionary Statement Pertaining to Ahead-Hunting Statements
Certain statements contained in this press release represent “ahead-seeking statements” inside the meaning of federal securities legal guidelines. Forward-wanting statements could involve, but are not constrained to, statements with regard to (i) tendencies in the graphite and graphene raw elements business, together with alterations in need and supply linked to Graphjet’s items and services (ii) Graphjet’s development potential clients and Graphjet’s current market sizing (iii) Graphjet projected economical and operational efficiency which includes relative to its rivals (iv) new product and assistance choices Graphjet could introduce in the long run (v) the prospective transaction, such as the implied enterprise worth, the predicted publish-closing possession composition and the likelihood and potential of the functions to consummate the prospective transaction successfully (vi) the risk the proposed business combination could not be done in a well timed method or at all, which might adversely have an impact on the cost of Energem’s securities (vii) the failure to satisfy the conditions to the consummation of the proposed small business mix, which include the acceptance of the proposed small business mix by the shareholders of Energem Corp. (viii) the outcome of the announcement or pendency of the proposed small business combination on Energem’s or Graphjet’s business enterprise interactions, performance and small business generally (ix) the result of any authorized proceedings that be instituted in opposition to Energem or Graphjet associated to the proposed enterprise mixture or any arrangement linked thereto (x) the ability to sustain the listing of Energem on Nasdaq (xi) the selling price of Energem’s securities, which includes volatility resulting from variations in the aggressive and regulated sector in which Graphjet operates, variations in functionality throughout rivals, changes in guidelines and polices influencing Graphjet’s enterprise and variations in the mixed funds structure (xii) the skill to put into action enterprise pans, forecasts, and other anticipations immediately after the completion of the proposed small business mixture and recognize and comprehend supplemental possibilities and (xiii) other statements pertaining to Energem’s or Graphjet’s anticipations, hopes, beliefs, intentions and techniques relating to the foreseeable future.
In addition, any statements that refer to projections forecasts or other characterizations of potential gatherings or situations, such as any fundamental assumptions are forward-looking statements. he words “anticipate,” “feel,” “continue on,” “could,” “estimate,” “anticipate,” “intends,” “outlook,” “may well,” “could,” “approach,” “feasible,” “potential,” “forecast,” “venture,” “should,” “would,” and identical expressions may perhaps discover forward-seeking statements, but the absence of these words does not indicate that a statement is not forward-wanting. Ahead-looking statements are predictions, projections and other statements about foreseeable future gatherings that are centered on present expectations and assumptions and, as a consequence, are matter, are issue to dangers and uncertainties.
You must meticulously consider the pitfalls and uncertainties described in the “Possibility Elements” area of Energem Corp. closing prospectus dated November 15, 2021 and filed with the SEC on November 17, 2021 for its preliminary community giving, Energem’s Once-a-year Report on Kind 10-K for the fiscal yr ended December 31, 2021 filed on March 31, 2022 and its Kind 10-Qs for quarter finished March 31, 2022 filed on Could 13, 2022 and June 30, 2022 submitted on August 15, 2022 and, the proxy assertion/prospectus relating to the transaction, which is anticipated to be submitted by Energem Corp with the SEC, other files submitted by Energem Corp from time to time with SEC, and any chance components built obtainable to you in link with Energem Corp., Graphjet, and the transaction.
These ahead-looking statements require a quantity of risks and uncertainties (some of which are further than the regulate of Graphjet and Energem Corp.) and other assumptions, that may well result in the real success or functionality to be materially different from these expressed or implied by these forward-on the lookout statements. Energem and Graphjet caution that the foregoing listing of elements is not exclusive.
No Offer or Solicitation
This push release relates to a proposed business blend involving Energem Corp. and Graphjet Technological know-how Sdn. Bhd., and does not constitute a proxy statement or solicitation of a proxy and does not constitute an offer you to sell or a solicitation of an give to buy the securities of Energem Corp. or Graphjet, nor shall there be any sale of any these kinds of securities in any condition or jurisdiction in which these kinds of present, solicitation, or sale would be illegal prior to registration or qualification less than the securities legal guidelines of this sort of state or jurisdiction.
Contacts
For Energem Corp.
Stage 3, Tower 11, Avenue 5, No. 8,
Jalan Kerinchi, Bangsar South
Wilayah Persekutuan, Kuala Lumpur, Malaysia
Attn: Mr. Swee Guan Hoo
Main Government Officer
Tel: + (60) 3270 47622
For Graphjet Technological know-how Sdn. Bhd.
Darrow Associates Trader Relations
Matt Kreps
T: 214-597-8200
[email protected]
To check out the source edition of this push release, be sure to go to https://www.newsfilecorp.com/launch/148544
