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Graphjet Technology (Energem Corp.) Priced, Nasdaq: GTI

Blank check company targeting the energy value chain in the Southeast Asia and APAC region (completed 3/14/2024).

Industry: SPAC

Latest Trade: $0.23 0.00 (0.0%)

First Day Return: +1.2%

Return from IPO: -97.7%

Industry: SPAC

We are a newly organized blank check company incorporated as a Cayman Islands exempted company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We intend to focus our search for a target business in the energy value chain in South East Asia and Asia Pacific region, with a particular focus on opportunities aligned with energy growth transition and sustainability themes. We intend to identify and acquire a business that could benefit from a hands-on owner with extensive transactional, financial, managerial and investment experience in the energy value chain that presents potential for an attractive risk-adjusted return profile under our stewardship. Even fundamentally sound companies can often underperform their potential due to underinvestment, a temporary period of dislocation in the markets in which they operate, over-levered capital structures, excessive cost structures, incomplete management teams and/or inappropriate business strategies. Our team has extensive experience in identifying and executing acquisitions across the entire energy value chain and a long-standing commitment to fostering ESG performance in its portfolio.
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IPO Data
IPO File Date 09/10/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/15/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
D. Boral Capital
Drexel Hamilton
Company Data
Headquarters Kuala Lumpur, Malaysia
Founded 2021
Employees at IPO 2

Graphjet Technology (Energem Corp.) (GTI) Performance