Energem Corp shareholders approve extension of business combination deadline to Aug 18, 2024

GRAPHJET TECHNOLOGY

Shareholders approved extension from Feb 18 to Aug 18, 2024 with 80.231% in favor.
189,385 Class A shares redeemed at ~$11.47/share, aggregating ~$2.17M.
Trust account after redemptions ~$11.89M; 1,027,547 public shares remain outstanding.
Energem deposited ~$46k ($0.045/share) for first monthly extension into trust.
Fourth Amended and Restated Articles filed to permit up to six one-month extensions.

item 1.01 item 3.03 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GRAPHJET TECHNOLOGY: Amended articles to extend business combination deadline from February 18, 2024 to August 18, 2024 with up to six monthly extensions (effective 2024-02-16).

Change: charter amendment
Effective: 2024-02-16

Exact text from the filing

The shareholders of the Company approved the Fourth Amended and Restated Articles of Association of the Company at the February 16, 2024, Extraordinary General Meeting, giving the Company the right to extend the date by which the Company must (i) consummate a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination involving the Company and one or more businesses (a “business combination”), (ii) cease its operations if it fails to complete such business combination, and (iii) redeem or repurchase 100% of the Company’s Class A ordinary shares included as part of the units sold in the Company’s IPO that closed on November 18, 2021 from February 18, 2024 to August 18, 2024 (the “Termination Date”) by up to six (6) one-month extensions (the “Extension Amendment Proposal”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GRAPHJET TECHNOLOGY entered into Investment Management Trust Agreement with Continental Stock Transfer & Trust Company (effective 2021-11-18).

Action: entry
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2021-11-18

Exact text from the filing

In connection therewith, the Company entered into an Investment Management Trust Agreement, dated November 18, 2021, by and between the Company and Continental Stock Transfer & Trust Company, as trustee (“Continental”) (the “Trust Agreement”).

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

GRAPHJET TECHNOLOGY shareholders approved Trust Amendment Proposal – amend trust agreement to extend liquidation date at the 2024-02-16 meeting.

Outcome: passed
Meeting: 2024-02-16

Exact text from the filing

The Shareholders approved the Trust Amendment Proposal, by a 80.231% approval vote, pursuant to which the Trust Agreement by and between the Company and Continental was amended pursuant to Amendment No. 4 to the Trust Agreement to extend the date on which Continental must liquidate the Trust Account established in connection with the IPO if the Company has not completed its initial business combination, from August 18, 2023 to no later than February 18, 2024.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

GRAPHJET TECHNOLOGY shareholders approved Extension Amendment Proposal – extend the deadline for consummating a business combination to August 18, 2024 at the 2024-02-16 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2024-02-16

Exact text from the filing

The Shareholders approved the Extension Amendment Proposal, by a 80.231% approval vote, giving the Company the right to extend the date by which the Company must (i) consummate a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination involving the Company and one or more businesses (a “business combination”), (ii) cease its operations if it fails to complete such business combination, and (iii) redeem or repurchase 100% of the Company’s Class A ordinary shares included as part of the units sold in the Company’s IPO that closed on November 18, 2021 from February 18, 2024 to August 18, 2024 (the “Termination Date”) by up to six (6) one-month extensions.

View on SEC.gov

265 governance changes filed in the last 30 days. Browse all governance changes →

GRAPHJET TECHNOLOGY filing history →

Source: SEC EDGAR

accession 0001493152-24-007140

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