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 Company's 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 ordinary shares trading on a split-adjusted basis on The Nasdaq Global Market.
Share Consolidation Ratio
1-for-60 ratio for the consolidation of ordinary shares.
Par Value Reduction
Par value lowered from $0.0001 to $0.006 per share.
CUSIP Number
New CUSIP number G30449139 for ordinary shares post-consolidation.
- The Share Consolidation aims to increase the trading price of ordinary shares and meet Nasdaq's listing requirements.
- Shareholders holding their shares electronically or through a bank will have automatic adjustments to reflect the consolidation.
The Share Consolidation approved by Graphjet's shareholders is a strategic move to enhance the trading price of ordinary shares and ensure compliance with Nasdaq's listing standards.