Graphjet Technology has announced the effective date for the share consolidation of its ordinary shares at a ratio of 1-for-60 and a reduction in par value.
The consolidation will become effective on August 25, 2025, with trading on a split-adjusted basis on The Nasdaq Global Market under the existing symbol 'GTI'.
The company aims to increase the trading price of ordinary shares to meet Nasdaq's listing requirements.
Share Consolidation Ratio
1-for-60 ratio for combining ordinary shares into one share.
Trading Adjustment
Trading on split-adjusted basis under the existing symbol 'GTI' on Nasdaq Global Market.
CUSIP Number Change
New CUSIP number G30449139 for ordinary shares post-consolidation.
- The share consolidation is expected to streamline share structure without affecting ownership percentages, with fractional shares rounded up.
- Increased trading price from the consolidation aims to meet Nasdaq's continued listing requirements for the company.
The share consolidation decision by Graphjet's Board demonstrates strategic planning to enhance shareholder value and meet Nasdaq's listing standards.