Graphjet Technology announced the effective date for a 1-for-60 share consolidation.
The par value of ordinary shares will be reduced from $0.0001 to $0.006 per share.
Shareholders will see their existing shares combined into one on August 25, 2025.
Share Consolidation Details
Effective date: August 25, 2025, 1-for-60 consolidation ratio, par value reduction to $0.006 per share.
Trading Symbol and CUSIP
Company's ordinary shares to trade under existing symbol GTI with new CUSIP G30449139.
Fractional Share Handling
No fractional shares issued; fractional shares rounded up; positions adjusted automatically for shareholders holding electronically.
- The share consolidation aims to increase trading price and meet Nasdaq's listing requirements.
- Shareholders' percentage ownership remains unaffected except for fractional adjustments.
- Continued compliance with Nasdaq regulations expected post-consolidation.
The Share Consolidation by Graphjet Technology aims to boost trading prices and ensure compliance with exchange regulations, benefiting existing shareholders.