Graphjet Technology announced the effective date for the share consolidation of its ordinary shares at a ratio of 1-for-60.
The par value of the ordinary shares will reduce from $0.0001 per share to $0.006 per share.
The Share Consolidation will take effect at 12:01 a.m. Eastern Time on August 25, 2025.
Effective Date
Share consolidation of ordinary shares at a ratio of 1-for-60 with par value reduction to $0.006 per share.
Trading Symbol
Expected to begin trading on split-adjusted basis on NASDAQ Global Market with existing symbol GTI on August 25, 2025.
CUSIP Number
New CUSIP number post Share Consolidation will be G30449139.
- Shareholders will see every 60 ordinary shares combined into one share without affecting ownership percentages.
- Fractional shares will be rounded up to the nearest whole share, ensuring no fractional shares are issued.
- Transfer agent Continental Stock Transfer & Trust Company to handle the exchange process for shareholders.
The Share Consolidation aims to increase trading price to meet Nasdaq's listing requirements, approved by shareholders at a recent meeting, and further detailed in SEC filings.