Energem Corp. Announces Extraordinary General Meeting on February 16, 2024
Ticker: GTIJF · Form: DEF 14A · Filed: Jan 24, 2024 · CIK: 1879373
Complexity: simple
Sentiment: neutral
Topics: Energem Corp, Extraordinary General Meeting, Proxy Statement, Extension Amendment, Business Combination
TL;DR
<b>Energem Corp. is holding an extraordinary general meeting on February 16, 2024, to vote on extending the deadline for a business combination.</b>
AI Summary
Energem Corp (GTIJF) filed a Proxy Statement (DEF 14A) with the SEC on January 24, 2024. Energem Corp. will hold an extraordinary general meeting of shareholders on February 16, 2024, at 8:30 a.m. Eastern Time. The meeting will take place at the company's offices in Kuala Lumpur, Malaysia, and via live webcast. Shareholders can attend online, vote, and submit questions at https://www.cstproxy.com/energemcorp/ext2024. The primary purpose is to vote on a proposal to amend the company's articles of association (the 'Extension Amendment'). The Extension Amendment grants the company the right to extend the deadline for consummating a business combination.
Why It Matters
For investors and stakeholders tracking Energem Corp, this filing contains several important signals. Shareholders need to vote on the 'Extension Amendment' which is crucial for the company's ability to complete a business combination within a potentially extended timeframe. The meeting's outcome directly impacts Energem Corp.'s strategic flexibility and timeline for future growth initiatives or mergers.
Risk Assessment
Risk Level: low — Energem Corp shows low risk based on this filing. The filing is a routine proxy statement for an extraordinary general meeting, with no immediate financial or operational risks disclosed.
Analyst Insight
Shareholders should review the proposed 'Extension Amendment' and vote accordingly to influence the company's strategic timeline for business combinations.
Key Numbers
- February 16, 2024 — Extraordinary General Meeting Date (Date of the shareholder meeting)
- 8:30 a.m. Eastern Time — Meeting Time (Time of the shareholder meeting)
- January 24, 2024 — Proxy Statement Date (Date of the proxy statement)
- January 29, 2024 — Mailing Date (Approximate date proxy statement is mailed to shareholders)
Key Players & Entities
- Energem Corp. (company) — Registrant name and company name
- February 16, 2024 (date) — Date of the extraordinary general meeting
- January 24, 2024 (date) — Date of the proxy statement
- January 29, 2024 (date) — Date proxy statement is first mailed to shareholders
- https://www.cstproxy.com/energemcorp/ext2024 (url) — Website for virtual attendance and voting
FAQ
When did Energem Corp file this DEF 14A?
Energem Corp filed this Proxy Statement (DEF 14A) with the SEC on January 24, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Energem Corp (GTIJF).
Where can I read the original DEF 14A filing from Energem Corp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Energem Corp.
What are the key takeaways from Energem Corp's DEF 14A?
Energem Corp filed this DEF 14A on January 24, 2024. Key takeaways: Energem Corp. will hold an extraordinary general meeting of shareholders on February 16, 2024, at 8:30 a.m. Eastern Time.. The meeting will take place at the company's offices in Kuala Lumpur, Malaysia, and via live webcast.. Shareholders can attend online, vote, and submit questions at https://www.cstproxy.com/energemcorp/ext2024..
Is Energem Corp a risky investment based on this filing?
Based on this DEF 14A, Energem Corp presents a relatively low-risk profile. The filing is a routine proxy statement for an extraordinary general meeting, with no immediate financial or operational risks disclosed.
What should investors do after reading Energem Corp's DEF 14A?
Shareholders should review the proposed 'Extension Amendment' and vote accordingly to influence the company's strategic timeline for business combinations. The overall sentiment from this filing is neutral.
Risk Factors
- Extension Amendment Approval [medium — regulatory]: Shareholder approval is required for the 'Extension Amendment' to the company's articles of association, which impacts the timeline for business combinations.
Key Dates
- 2024-02-16: Extraordinary General Meeting — Shareholders will vote on proposals, including an 'Extension Amendment'.
- 2024-01-24: Proxy Statement Filing Date — Definitive Proxy Statement filed with the SEC.
- 2024-01-29: Proxy Statement Mailing Date — Proxy statement first mailed to shareholders.
Glossary
- Extraordinary General Meeting
- A meeting of shareholders convened for special business. (This is the primary event for shareholders to vote on critical company matters.)
- Extension Amendment
- A proposed change to the company's articles of association to extend the deadline for consummating a business combination. (This amendment directly affects the company's ability to execute strategic transactions within a specified timeframe.)
- Business Combination
- A merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. (The success or failure of such combinations is a key driver of shareholder value.)
Filing Stats: 4,612 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-01-24 17:28:28
Key Financial Figures
- $5,000,001 — ving net tangible assets of at least US $5,000,001 as at the date of this special resoluti
- $0.045 — es) will deposit into the Trust Account $0.045 per outstanding Class A ordinary share
- $54,761.94 — Class A ordinary share or approximately $54,761.94 for 1,216,932 Class A ordinary shares (
- $13,959,132 — ount as of December 31, 2023, which was $13,959,132.56, we anticipate that the per-share pr
- $11.47 — the Trust Account will be approximately $11.47 at the time of the Extraordinary Genera
- $100,000 — erest (net of taxes payable, less up to $100,000 of such net interest to pay dissolution
Filing Documents
- formdef14a.htm (DEF 14A) — 1469KB
- annexa_001.jpg (GRAPHIC) — 9KB
- 0001493152-24-003667.txt ( ) — 1483KB
From the Filing
DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Section 240.14a-12 Energem Corp. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box) No Fee Required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. ENERGEM CORP. Level 3, Tower 11, Avenue 5, No. 8, Jalan Kerinchi, Bangsar South Wilayah Persekutuan Kuala Lumpur, Malaysia NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON FEBRUARY 16, 2024 TO THE SHAREHOLDERS OF ENERGEM CORP.: You are cordially invited to attend the extraordinary general meeting, which we refer to as the “ Extraordinary General Meeting ,” of shareholders of Energem Corp., which we refer to as “ we ,” “ us ,” “ our ,” “ Energem ” or the “ Company ,” to be held at 8:30 a.m. Eastern Time on February 16, 2024. The Extraordinary General Meeting will be held at the offices of Energem Corp. located at Level 3, Tower 11, Avenue 5, No. 8, Jalan Kerinchi, Bangsar South, Wilayah Persekutuan Kuala Lumpur, Malaysia and via live webcast. If unable to attend in person, you will be able to attend the Extraordinary General Meeting online, vote and submit your questions during the Extraordinary General Meeting by visiting the following website: https://www.cstproxy.com/energemcorp/ext2024. To access the virtual online Extraordinary General Meeting, you will need your 12 digit control number to vote electronically at the Extraordinary General Meeting. The accompanying proxy statement (the “ Proxy Statement ”) is dated January 2 4 , 2024, and is first being mailed to shareholders of the Company on or about January 29, 2024. The sole purpose of the Extraordinary General Meeting is to consider and vote upon the following three proposals: a proposal to amend the Company’s t hird amended and restated articles of association (the “ Energem M&A ”) in the form set forth in Annex A to the accompanying Proxy Statement, which we refer to as the “ Extension Amendment , ” giving the Company the right to extend the date by which the Company must (i) consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “ business combination ”), (ii) cease its operations if it fails to complete such business combination, and (iii) redeem or repurchase 100% of the Company’s Class A ordinary shares included as part of the units sold in the Company’s initial public offering that closed on November 18, 2021 (the “ IPO ”) from February 18, 2024 (the “ Termination Date ”) up to six (6) one-month extensions to August 18, 2024 (which we refer to as the “ Extension ”, and such later date, the “ Extended Date ”) (such proposal is the “ Extension Amendment Proposal ”). For the purposes of the laws of the Cayman Islands, the full text of the special resolution is as follows: “RESOLVED, as a special resolution, that subject to and conditional upon the trust account, which is governed by the investment management trust agreement entered into between the Company and Continental Stock Transfer & Trust Company on 18 November 2021, and amended by the First Amendment to the Investment Management Trust Agreement effective November 18, 2022, the Second Amendment to the Investment Management Trust Agreement effective August 10, 2023, and Third Amendment to the Investment Management Trust Agreement effective January 24, 2024 (the “ Trust Agreement ”), having net tangible assets of at least US $5,000,001 as at the date of this special resolution, the fourth amended and restated articles of association, a copy of which is attached to the accompanying proxy statement as Annex A , be and are hereby adopted as the articles of association of the Company in substitution for and to the exclusion of the Company’s existing articles of association”, a proposal to further amend the Investment Management Trust Agreement (the “ Trust Agreement ”) entered into between Continental Stock Transfer & Trust Company, as trustee (“ Continental ”) and the Company governing the trust account (the “ Trust Account ”) established in con