We are pleased to announce that the Securities and Exchange Commission (“SEC”) has declared effective the Registration Statement on Form S-4 in connection with the proposed business combination between Graphjet Technology Sdn. Bhd. (“Graphjet”) and Energem Corp (“Energem”) (Nasdaq: ENCP, ENCPW).

The Registration Statement, now declared effective, serves as a pivotal step towards the anticipated business combination between Graphjet and Energem. This development underscores the commitment of both companies to delivering transparency and essential information to their shareholders.

As part of this process, Energem will convene an extraordinary general meeting of its shareholders on February 23, 2024, to vote on proposals related to the Business Combination. Shareholders of record as of January 18, 2024, will have the opportunity to participate in this significant event.

Upon the successful completion of the Business Combination, the combined entity is expected to trade on The Nasdaq Stock Market under the ticker symbols “GTI” and “GTIW” for ordinary shares and warrants, respectively.

About Energem Corp:

Energem Corp. is a blank check company established to facilitate mergers, capital share exchanges, asset acquisitions, and similar business combinations with energy and/or sustainable natural resource companies.

About Graphjet Technology Sdn. Bhd.:

Founded in 2019 in Malaysia, Graphjet Technology Sdn. Bhd. is a producer of graphene and graphite. With groundbreaking patent-pending technology, Graphjet recycles palm kernel shells from palm seed oil production to create single-layer graphene and artificial graphite.

ARC Group is proud to have served as Energem’s sole financial advisor throughout this process and commends both Graphjet and Energem for reaching this important milestone. We remain committed to providing comprehensive support as the transaction progresses.

“We are thrilled to witness the progress of Graphjet Technology and Energem Corp towards their proposed business combination. This innovative partnership aligns with our commitment to supporting ventures that drive sustainability and technological advancement in the energy and natural resources sectors” said Ian Hanna, Managing Director at ARC Group.

Investors and shareholders are encouraged to review the pertinent documents filed with the SEC regarding the proposed transaction and to participate in the upcoming shareholder meeting.

This press release serves solely for informational purposes and does not serve as a proxy statement or solicitation for proxies. It’s important to note that forward-looking statements may not align with actual results due to a range of uncontrollable factors. Investors are encouraged to review the pertinent documents filed with the SEC concerning the proposed transaction.

For more information or any questions, please contact:

Ian Hanna
Managing Director
[email protected]