Graphjet Technology has announced a share consolidation at a ratio of 1-for-60, reducing the par value of its ordinary shares.
The effective date for the share consolidation is set for August 25, 2025, with trading under the existing symbol GTI on Nasdaq Global Market.
No fractional shares will be issued, and any resulting fractional share will be rounded up to the nearest whole share.
Share Consolidation
Ordinary shares consolidated at 1-for-60 ratio, par value reduced to $0.006 per share.
Effective Date
Share consolidation becomes effective at 12:01 a.m. Eastern Time on August 25, 2025.
Shareholder Approval
Share consolidation approved by shareholders on August 7, 2025.
- The share consolidation aims to increase the trading price of ordinary shares to meet Nasdaq's listing requirements.
- Shareholders' percentage ownership will not be affected by the consolidation, except for adjustments related to fractional shares.
Graphjet's share consolidation represents a strategic move to enhance trading price and meet listing requirements, benefiting shareholders in the process.