secwatch.observer — SEC 8-K summary
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Issuer:     GRAPHJET TECHNOLOGY (GTIJF)
CIK:        0001879373
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001493152-24-009614
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Energem reports Graphjet $8.2M debt conversion to meet Nasdaq equity requirement for merger
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- Graphjet converted $8.2M of debt into 2,050,000 pre-transaction shares.
- Company believes it now satisfies Nasdaq's $5M minimum stockholders' equity requirement.
- Shareholders approved the business combination on Feb 28, 2024.
- Pro forma combined net loss of $3.9M for year ended Sep 30, 2023.
- Pro forma equity of $7.07M; assets $9.88M, liabilities $2.81M after trust and conversion adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879373/000149315224009614/0001493152-24-009614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879373/000149315224009614/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-009614

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