Graphjet Technology has announced the effective date for the share consolidation of its ordinary shares at a ratio of 1-for-60.
The par value of the ordinary shares will be reduced from $0.0001 per share to $0.006 per share.
The Share Consolidation will not affect shareholders' percentage ownership, except for adjustments due to fractional shares.
Share Consolidation Ratio
1-for-60 consolidation ratio for ordinary shares.
Effective Date
Share Consolidation effective as of August 25, 2025.
CUSIP Number
New CUSIP number post-consolidation: G30449139.
Approval
Shareholders approved the consolidation at an extraordinary general meeting.
Reason for Share Consolidation
Increase the trading price to meet Nasdaq's listing requirements.
- The share consolidation aims to increase the trading price to comply with Nasdaq's requirements.
- Fractional shares will be adjusted and no new fractional shares will be issued.
Graphjet's Share Consolidation is a strategic move to enhance share value and meet listing standards set by Nasdaq, showing commitment to shareholders and market stability.