Graphjet Technology Files S-1/A Amendment

TL;DR

Graphjet Tech S-1/A filed. Moving towards IPO.

AI Summary

Graphjet Technology filed an S-1/A amendment on August 28, 2024, for its registration statement. The company, formerly known as Energem Corp until August 20, 2021, is incorporated in the Cayman Islands and operates in the electrical industrial apparatus sector. Its principal executive offices are located in Shah Alam, Selangor, Malaysia.

Why It Matters

This filing indicates Graphjet Technology is moving forward with its public offering process, which could lead to increased liquidity and capital for the company.

Risk Assessment

Risk Level: medium — As an S-1/A filing, it represents a company in the process of going public, which inherently carries risks associated with market reception and operational execution.

Key Numbers

• 333-280461 — SEC File Number (Identifies the specific registration statement)

Key Players & Entities

• Graphjet Technology (company) — Registrant
• Energem Corp (company) — Former company name
• August 20, 2021 (date) — Date of name change from Energem Corp
• August 28, 2024 (date) — Filing date of S-1/A amendment
• Cayman Islands (location) — Jurisdiction of incorporation
• 3620 (number) — Primary standard industrial classification code

FAQ

Key Financial Figures

• $0.0001 — ,075 Class A Ordinary Shares, par value $0.0001 per share ("Class A Ordinary Shares"),
• $11.50 — Warrants are exercisable at a price of $11.50 per share. The Sponsor Warrants and the
• $10.00 — iness Combination (as defined below) at $10.00 per share, (ii) an aggregate of 3,403,0
• $25,000 — Energem for aggregate consideration of $25,000, or approximately $0.009 per share (the
• $0.009 — sideration of $25,000, or approximately $0.009 per share (the "Founder Shares"), and 5
• $4.00 — ellation of certain promissory notes at $4.00 per share (the "Notes Shares"); and (b)
• $11 — s of the Class A Ordinary Shares exceed $11.50, respectively, holders of the Warran
• $4.29 — s may experience potential profit up to $4.29 per share. Our Class A Ordinary Shares
• $4.30 — rice of our Class A Ordinary Shares was $4.30 per share. We are an "emerging growth
• $2.5 m — roceeds to the Company of approximately $2.5 million, pursuant to a separate term shee

Filing Documents

• ea0210498-s1a2_graphjet.htm (S-1/A) — 1798KB
• ea021049801ex5-1_graphjet.htm (EX-5.1) — 101KB
• ea021049801ex5-2_graphjet.htm (EX-5.2) — 13KB
• ea021049801ex23-1_graphjet.htm (EX-23.1) — 2KB
• fin_001.jpg (GRAPHIC) — 3KB
• fin_002.jpg (GRAPHIC) — 3KB
• ex5-1_001.jpg (GRAPHIC) — 2KB
• ex5-1_002.jpg (GRAPHIC) — 6KB
• ex5-2_001.jpg (GRAPHIC) — 3KB
• ex23-1_001.jpg (GRAPHIC) — 3KB
• 0001213900-24-073446.txt ( ) — 6143KB
• gti-20240630.xsd (EX-101.SCH) — 55KB
• gti-20240630_cal.xml (EX-101.CAL) — 35KB
• gti-20240630_def.xml (EX-101.DEF) — 228KB
• gti-20240630_lab.xml (EX-101.LAB) — 365KB
• gti-20240630_pre.xml (EX-101.PRE) — 237KB
• ea0210498-s1a2_graphjet_htm.xml (XML) — 671KB

RISK FACTORS

RISK FACTORS 6 USE OF PROCEEDS 26 DETERMINATION OF OFFERING PRICE 26 MARKET INFORMATION FOR ORDINARY SHARE AND DIVIDEND POLICY 26 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 27

BUSINESS

BUSINESS 38 MANAGEMENT 44 EXECUTIVE COMPENSATION 51 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 55 PRINCIPAL STOCKHOLDERS 59 SELLING SHAREHOLDERS 60 PLAN OF DISTRIBUTION 62 UNITED 63 DESCRIPTION OF SECURITIES 71 LEGAL MATTERS 76 EXPERTS 76 WHERE YOU CAN FIND MORE INFORMATION 76 INDEX TO

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS F-1 You should rely only on the information provided in this prospectus, as well as the information incorporated by reference into this prospectus and any applicable prospectus supplement. Neither we nor the Selling Securityholders have authorized anyone to provide you with different information. Neither we nor the Selling Securityholders are making an offer of these securities in any jurisdiction where the offer is not permitted. You should not assume that the information in this prospectus or any applicable prospectus supplement is accurate as of any date other than the date of the applicable document. Since the date of this prospectus and the documents incorporated by reference into this prospectus, our business, financial condition, results of operations and prospects may have changed. i ABOUT THIS PROSPECTUS This prospectus is part of a registration statement that we filed with the SEC using a "shelf" registration process. By using a shelf registration or more offerings as described in this prospectus. We will not receive any proceeds from the sale of Class A Ordinary Shares or Warrants by the Selling Securityholders. This prospectus also relates to the issuance by up to 12,028,075 Class A Ordinary Shares upon the exercise of Warrants. We will receive the proceeds from any exercise of the Warrants for cash. We may also file a prospectus supplement or post-effective amendment to the registration statement of which this prospectus forms a part that may contain material information relating to these offerings. The prospectus supplement or post-effective amendment, as the case may be, may add, update or change information contained in this prospectus with respect to such offering. If there is any inconsistency between the information in this prospectus and the applicable prospectus supplement or post-eff

View Full Filing

View this S-1/A filing on SEC EDGAR