Graphjet Technology announced the effective date for a 1-for-60 share consolidation.
Share consolidation to start on August 25, 2025, with a new CUSIP number.
Fractional shares to be rounded up to the nearest whole share after consolidation.
Share Consolidation Ratio
1-for-60 ratio for ordinary shares consolidation.
CUSIP Number
New CUSIP number post-consolidation: G30449139.
Board Determination
Board approved share consolidation to meet Nasdaq's listing requirements.
Transfer Agent
Continental Stock Transfer & Trust Company is the exchange agent.
- The share consolidation aims to increase trading price to comply with Nasdaq requirements.
- Approval received from shareholders and board determination indicate strategic measures to enhance market position.
Graphjet's share consolidation reflects strategic moves for market compliance and shareholder value enhancement.