Graphjet Technology announced the effective date for a share consolidation of ordinary shares at a ratio of 1-for-60.
The Share Consolidation will reduce the par value of ordinary shares from $0.0001 to $0.006 per share.
Upon effectiveness, every 60 ordinary shares will combine into one share without affecting shareholder ownership.
Share Consolidation
Effective date set for share consolidation at a ratio of 1-for-60 with a reduced par value per share.
Trading Adjustment
Shares expected to begin trading on a split-adjusted basis on August 25, 2025, under the existing symbol 'GTI' on Nasdaq Global Market.
CUSIP Number
New CUSIP number post-consolidation will be G30449139.
- The share consolidation aims to increase the trading price of ordinary shares to meet Nasdaq's listing requirements.
- Shareholders will not receive fractional shares; rounding up to the nearest whole share will occur instead.
The Share Consolidation is a strategic move by Graphjet to enhance shareholder value and meet listing requirements, without diluting ownership.