Graphjet Technology (NASDAQ: GTI) announced the effective date for the share consolidation of its ordinary shares.
The share consolidation will be at a ratio of 1-for-60 and the par value of the ordinary shares will be reduced.
The effective date is set for August 25, 2025, with trading expected to start on a split-adjusted basis under the symbol 'GTI' on The Nasdaq Global Market.
Share Consolidation Ratio
1-for-60 ratio for combining ordinary shares.
Par Value Reduction
Par value reduced from $0.0001 to $0.006 per share.
CUSIP Number Change
New CUSIP number post consolidation: G30449139.
Shareholder Approval
Shareholders approved the consolidation on August 7, 2025.
Increase Trading Price
Consolidation aimed to meet Nasdaq listing requirements and increase share price.
- The share consolidation aims to increase the trading price of Graphjet's ordinary shares.
- Shareholders will see a consolidation of every 60 shares into one without affecting ownership percentage.
- No fractional shares will be issued, and adjustments will be made for fractional shares resulting from the consolidation.
The share consolidation by Graphjet Technology signifies a strategic move to enhance trading price and meet market requirements, benefiting shareholders in the process.