Energem Corp. 8-K Details Unit, Share, Warrant Structure
Ticker: GTIJF · Form: 8-K · Filed: Jan 23, 2024 · CIK: 1879373
Complexity: simple
Sentiment: neutral
Topics: corporate-structure, warrants, shares
TL;DR
**Energem Corp. 8-K confirms unit structure, including $11.50 warrant exercise price.**
AI Summary
Energem Corp. filed an 8-K on January 23, 2024, reporting an event on January 18, 2024, related to its units, ordinary shares, and redeemable warrants. This filing indicates that the company's units, each consisting of one Class Ordinary Share and one redeemable warrant exercisable at $11.50, were active on this date. For investors, this matters because it confirms the structure of Energem's publicly traded securities, specifically the components of its units and the exercise price of its warrants, which can impact potential dilution and future share price movements.
Why It Matters
This filing clarifies the composition of Energem Corp.'s units, including the exercise price of its warrants, which is crucial for understanding potential future dilution and the value of these securities.
Risk Assessment
Risk Level: low — This filing is informational and does not introduce new financial risks, but rather clarifies existing security structures.
Analyst Insight
An investor should note the warrant exercise price of $11.50, as this provides a benchmark for potential future dilution and the value of the warrants if the stock price rises above this level.
Key Numbers
- $11.50 — Warrant Exercise Price (The price at which each redeemable warrant can be exercised for one Class Ordinary Share.)
Key Players & Entities
- Energem Corp. (company) — the registrant filing the 8-K
- January 18, 2024 (date) — date of earliest event reported
- January 23, 2024 (date) — date the 8-K was filed
- $11.50 (dollar_amount) — exercise price for each redeemable warrant
FAQ
What is the purpose of Energem Corp.'s 8-K filing dated January 23, 2024?
The 8-K filing, with an earliest event reported date of January 18, 2024, serves to report 'Other Events' and 'Financial Statements and Exhibits,' specifically detailing the structure of Energem Corp.'s units, ordinary shares, and redeemable warrants.
What does each unit of Energem Corp. consist of, according to the filing?
According to the filing, each unit of Energem Corp. consists of one Class Ordinary Share (with a par value of $0.0001 per share) and one redeemable warrant.
What is the exercise price for Energem Corp.'s redeemable warrants?
Each whole redeemable warrant included as part of the units is exercisable for one Class Ordinary Share at an exercise price of $11.50.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 18, 2024.
What is Energem Corp.'s business address as listed in the filing?
Energem Corp.'s business address is Level 3, Tower 11, Avenue 5, No. 8, Jalan Kerinchi, Bangsar South, Wilayah Persekutuan Kuala Lumpur, Malaysia 59200.
Filing Stats: 1,890 words · 8 min read · ~6 pages · Grade level 18.1 · Accepted 2024-01-23 15:52:23
Key Financial Figures
- $0.0001 — f one Class A ordinary share, par value $0.0001 per share, and one redeemable warrant
- $11.50 — ordinary share at an exercise price of $11.50 ENCPW The Nasdaq Stock Market LLC
- $0.045 — Articles of Association, Energem caused $0.045 per outstanding share of Energem's Clas
- $54,761.94 — lass A ordinary shares or approximately $54,761.94 for 1,216,932 Class A ordinary shares t
Filing Documents
- form8-k.htm (8-K) — 57KB
- 0001493152-24-003438.txt ( ) — 285KB
- encpu-20240118.xsd (EX-101.SCH) — 4KB
- encpu-20240118_def.xml (EX-101.DEF) — 27KB
- encpu-20240118_lab.xml (EX-101.LAB) — 37KB
- encpu-20240118_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 7KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Energem Corp. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENERGEM CORP. Date: January 23, 2024 By: /s/ Swee Guan Hoo Name: Swee Guan Hoo Title: Chief Executive Officer