secwatch.observer — SEC 8-K summary
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Issuer:     GRAPHJET TECHNOLOGY (GTIJF)
CIK:        0001879373
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0001493152-23-001533
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energem Corp. secures $200M standby equity purchase agreement with Yorkville Advisors
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- Energem, Graphjet, and Yorkville sign SEPA for up to $200M in ordinary shares after business combination closes.
- Shares sold at 96% or 97% of VWAP; 200,000 commitment shares issued to Investor.
- SEPA term: 36 months from closing; subject to registration statement and 9.99% beneficial ownership cap.
- Energem deposits ~$85k to trust for third monthly extension, extending deadline to August 18, 2023.
- Business combination with Graphjet (graphene producer) still pending SEC and shareholder approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879373/000149315223001533/0001493152-23-001533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879373/000149315223001533/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-001533

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