secwatch.observer — SEC 8-K summary
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Issuer:     GRAPHJET TECHNOLOGY (GTIJF)
CIK:        0001879373
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001213900-25-045952
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Graphjet sells 20M warrants to former CEO for $200K; up to 200M shares at $0.055
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- Former CEO Aiden Lee Ping Wei purchased 20,000,000 warrants to buy 200,000,000 Class A shares at $0.055 each for total $200,000.
- Warrant shares not transferable for 12 months; after 29M shares exercised, shareholder approval needed for remaining.
- Company has 147,391,887 shares outstanding; potential dilution of up to 200M shares if fully exercised.
- Exercise price of $0.055 per share; warrants issued under private placement exemption from registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879373/000121390025045952/0001213900-25-045952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879373/000121390025045952/ea0242786-8k_graphjet.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-045952

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer