other_material
confidence high
sentiment neutral
materiality 0.50
Graphjet Technology announces 1-for-60 reverse stock split effective August 25, 2025
GRAPHJET TECHNOLOGY
- Share consolidation at 1-for-60 ratio effective 12:01 a.m. ET on Aug 25, 2025.
- New CUSIP G30449139; shares to trade on Nasdaq Global Market under symbol GTI.
- Par value reduced from $0.0001 to $0.006 per share.
- Fractional shares rounded up to nearest whole share; ownership percentage unchanged.
- Consolidation intended to boost trading price to meet Nasdaq continued listing requirements.
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