Energem Corp. Files 8-K on Unit Structure
Ticker: GTIJF · Form: 8-K · Filed: Mar 12, 2024 · CIK: 1879373
Sentiment: neutral
Topics: disclosure, corporate-structure, warrants
TL;DR
Energem Corp. 8-K details units: 1 share + 1 warrant @ $11.50 exercise.
AI Summary
Energem Corp. filed an 8-K on March 11, 2024, reporting an "Other Event." The filing details the structure of units, each consisting of one ordinary share and one redeemable warrant with an exercise price of $11.50. The company is incorporated in the Cayman Islands and its principal executive offices are located in Kuala Lumpur, Malaysia.
Why It Matters
This filing clarifies the components of Energem Corp.'s units, including ordinary shares and redeemable warrants, which is crucial for investors to understand their potential equity and exercise rights.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate structure and does not indicate any immediate financial distress or significant operational changes.
Key Numbers
- $11.50 — Warrant Exercise Price (Price at which holders can exercise their warrants to purchase ordinary shares.)
Key Players & Entities
- Energem Corp. (company) — Registrant
- March 11, 2024 (date) — Earliest event reported
- $11.50 (dollar_amount) — Redeemable warrant exercise price
- Cayman Islands (jurisdiction) — State of incorporation
- Kuala Lumpur, Malaysia (location) — Principal executive offices
FAQ
What is the par value of Energem Corp.'s ordinary shares?
The par value of Energem Corp.'s ordinary shares is $0.0001 per share.
What does each unit issued by Energem Corp. consist of?
Each unit consists of one Class Ordinary Share and one Redeemable Warrant.
What is the exercise price for the redeemable warrants?
The exercise price for each redeemable warrant is $11.50.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on March 11, 2024.
Where are Energem Corp.'s principal executive offices located?
Energem Corp.'s principal executive offices are located in Kuala Lumpur, Malaysia.
Filing Stats: 743 words · 3 min read · ~2 pages · Grade level 14 · Accepted 2024-03-11 20:00:14
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
- $8.2 million — ignature pages thereto, which converted $8.2 million of debt into 2,050,000 Graphjet Pre-Tra
- $5,000,000 m — , the Company believes it satisfies the $5,000,000 minimum stockholders' equity requirement
- $3,361k — edemptions and total cash left in trust $3,361k 2) After conversion of debt to equity
- $8,200k — onversion of debt to equity in total of $8,200k SIGNATURES Pursuant to the requirem
Filing Documents
- form8-k.htm (8-K) — 47KB
- 0001493152-24-009614.txt ( ) — 271KB
- encpu-20240311.xsd (EX-101.SCH) — 4KB
- encpu-20240311_def.xml (EX-101.DEF) — 27KB
- encpu-20240311_lab.xml (EX-101.LAB) — 37KB
- encpu-20240311_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: March 11, 2024 By: /s/ Swee Guan Hoo Name: Swee Guan Hoo Title: Chief Executive Officer