Graphjet Technology announces the effective date for a share consolidation of its ordinary shares at a ratio of 1-for-60.
The par value of ordinary shares will be reduced from $0.0001 per share to $0.006 per share.
Share consolidation to be effective as of 12:01 a.m. Eastern Time on August 25, 2025, with trading on a split-adjusted basis starting on the same day.
Share Consolidation Details
Consolidation ratio: 1-for-60 and par value reduced from $0.0001 to $0.006 per share.
CUSIP Number Update
New CUSIP number following consolidation: G30449139.
Fractional Share Handling
No fractional shares will be issued; fractions rounded up to the nearest whole share.
- 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, with adjustments made for fractional shares.
The Share Consolidation is a strategic move by Graphjet Technology to enhance share value and meet listing requirements, demonstrating the company's commitment to shareholder interests and market compliance.