Graphjet Technology announced the effective date for the share consolidation of its ordinary shares at a ratio of 1-for-60.
The Share Consolidation will be effective as of 12:01 a.m. Eastern Time on August 25, 2025.
Upon effectiveness, every 60 ordinary shares will automatically be combined into one ordinary share.
Share Consolidation Ratio
1-for-60 consolidation of ordinary shares.
Par Value Reduction
Par value reduced from $0.0001 per share to $0.006 per share.
Trading Symbol
Expected to trade on Nasdaq under symbol 'GTI' post-consolidation.
- The Share Consolidation aims to increase the trading price of ordinary shares to meet Nasdaq's listing requirements.
- No fractional shares will be issued; fractional shares will be rounded up to the nearest whole share.
The Share Consolidation is a strategic move aimed at enhancing trading price and compliance with listing requirements.