Graphjet Technology announced the effective date for a 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 take effect on August 25, 2025, with trading on a split-adjusted basis under the symbol 'GTI' on Nasdaq.
Share Consolidation Ratio
Consolidation of 60 ordinary shares into one ordinary share.
Change in Par Value
Reduction from $0.0001 to $0.006 per share.
CUSIP Number
New CUSIP number following the consolidation: G30449139.
- The Share Consolidation aims to increase the trading price of ordinary shares to meet Nasdaq's listing requirements.
- No fractional shares will be issued, with adjustments made for fractional shares.
The Share Consolidation, approved by shareholders, is part of a strategic move to enhance Graphjet's market position and meet regulatory standards. Shareholders' ownership percentages will remain unaffected.