---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010687"
form_type: "8-K"
ticker: "GTIJF"
cik: "0001879373"
company_name: "GRAPHJET TECHNOLOGY"
filed_at: "2024-03-20T23:59:59+00:00"
generated_at: "2026-06-04T12:15:14.558805+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Graphjet Technology completes SPAC merger with Energem, starts trading on Nasdaq

## Summary
- Consideration: 138.8M shares valued at ~$1.38B; $8.5M redeemed at $11.52/share from trust.
- PIPE investment of $2.5M for 250K shares; proceeds used for transaction expenses.
- Combined entity begins trading Mar 15: GTI on Nasdaq, GTIWW on OTC market.
- Former Graphjet shareholders own ~95.2%, Sponsor 2.35%, public 0.20%.
- Plans $400M manufacturing facility for 10K tons graphite/year; first production Q1 FY2025.

## SEC filing metadata
- accession: 0001493152-24-010687
- form_type: 8-K
- ticker: GTIJF
- cik: 0001879373
- company_name: GRAPHJET TECHNOLOGY
- filed_at: 2024-03-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 9.01, 5.02, 3.02, 3.03, 5.01, 5.03, 5.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879373/000149315224010687/0001493152-24-010687-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879373/000149315224010687/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010687
- JSON: https://secwatch.observer/filing/0001493152-24-010687.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010687.txt

## Key facts
- Governance Changes
  GRAPHJET TECHNOLOGY: Adoption of Amended & Restated Memorandum of Association effective as of Closing Date.
  - Change: charter amendment
  source text: The shareholders of Energem approved the Amendment & Restated Memorandum of Association of Graphjet Technology (the “ M&A ”) at the Special Meeting. In connection with the Closing, Energem adopted the M&A effective as of the Closing Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879373/000149315224010687/0001493152-24-010687-index.htm
- Governance Changes
  GRAPHJET TECHNOLOGY: Energem ceased being a shell company as a result of the Business Combination.
  - Change: shell status
  source text: As a result of the Business Combination, Energem ceased being a shell company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879373/000149315224010687/0001493152-24-010687-index.htm
- M&A Transactions
  GRAPHJET TECHNOLOGY underwent a change of control involving Graphjet Technology Sdn. Bhd. for approximately $1,380,000,000 (closed 2024-03-14).
  - Action: change of control
  - Counterparty: Graphjet Technology Sdn. Bhd.
  - Consideration: approximately $1,380,000,000
  - Closing: 2024-03-14
  source text: Pursuant to the terms of the SPA, the total consideration for the Business Combination and related transactions (the “ Exchange Consideration ”) was approximately $1,380,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879373/000149315224010687/0001493152-24-010687-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.