Energem Corp. Faces Delisting Concerns
Ticker: GTIJF · Form: 8-K · Filed: Mar 11, 2024 · CIK: 1879373
| Field | Detail |
|---|---|
| Company | Energem CORP (GTIJF) |
| Form Type | 8-K |
| Filed Date | Mar 11, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, warrants
TL;DR
Energem Corp. might get delisted, warrants are $11.50.
AI Summary
Energem Corp. filed an 8-K on March 7, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The company's ordinary shares and redeemable warrants were included as part of units, with warrants exercisable at $11.50.
Why It Matters
This filing indicates potential issues with Energem Corp.'s compliance with stock exchange listing standards, which could impact its stock trading status and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's trading status and market value.
Key Numbers
- 0001879373 — Central Index Key (Company identifier)
- 001-41070 — SEC File Number (Company's SEC filing number)
Key Players & Entities
- Energem Corp. (company) — Registrant
- March 7, 2024 (date) — Earliest event reported
- $11.50 (dollar_amount) — Warrant exercise price
FAQ
What specific listing rule has Energem Corp. failed to satisfy?
The filing does not specify the exact listing rule that Energem Corp. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule has been issued.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on March 7, 2024.
What is the exercise price for the redeemable warrants mentioned in the filing?
The redeemable warrants are exercisable for one Class Ordinary Share at an exercise price of $11.50.
What is Energem Corp.'s Standard Industrial Classification code?
Energem Corp.'s Standard Industrial Classification code is 3620, which corresponds to ELECTRICAL INDUSTRIAL APPARATUS.
Where is Energem Corp. headquartered?
Energem Corp.'s business and mailing address is listed as Level 10, Tower 11 Sanichi, Avenue 5, No. 8, Jalan Kerinchi, Bangsar South, Wilayah Persekutuan Kuala Lumpur, N8, 59200.
Filing Stats: 653 words · 3 min read · ~2 pages · Grade level 13.8 · Accepted 2024-03-11 16:15:35
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
Filing Documents
- form8-k.htm (8-K) — 43KB
- 0001493152-24-009576.txt ( ) — 267KB
- encp-20240307.xsd (EX-101.SCH) — 4KB
- encp-20240307_def.xml (EX-101.DEF) — 27KB
- encp-20240307_lab.xml (EX-101.LAB) — 37KB
- encp-20240307_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 8KB
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: March 11, 2024 By: /s/ Swee Guan Hoo Name: Swee Guan Hoo Title: Chief Executive Officer