Graphjet Technology announced 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 become effective on August 25, 2025, with trading under the symbol GTI on The Nasdaq Global Market.
Share Consolidation Ratio
Consolidation of 1-for-60 for ordinary shares.
Effective Date
August 25, 2025, at 12:01 a.m. Eastern Time.
Trading Symbol
Shares to trade on split-adjusted basis under GTI symbol.
CUSIP Number
New CUSIP number post-consolidation: G30449139.
Increase in Trading Price
Share consolidation aims to meet Nasdaq's listing requirements.
- Shareholders will see a consolidation of every 60 ordinary shares into one share.
- The Share Consolidation was approved at a shareholder meeting, leading to adjusted positions.
- Fractional shares will be rounded up to the nearest whole share to avoid issuing fractions.
The Share Consolidation by Graphjet aims to enhance share value and meet Nasdaq listing standards, reflecting strategic planning by the Board of Directors.