Graphjet Technology Files S-1 Registration

TL;DR

Graphjet Tech filed S-1, looks like they're going public soon.

AI Summary

Graphjet Technology, incorporated in the Cayman Islands, filed an S-1 registration statement on June 25, 2024. The company, previously known as Energem Corp until August 20, 2021, is seeking to register securities. Its business address is located in Kuala Lumpur, Malaysia, with a phone number of +60 018 272 7799.

Why It Matters

This S-1 filing indicates Graphjet Technology is moving forward with plans to offer its securities to the public, which could lead to increased liquidity and capital for the company.

Risk Assessment

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

Key Numbers

• 333-280461 — SEC File Number (Identifies this specific registration statement)
• 0001879373 — Central Index Key (Unique identifier for Graphjet Technology in SEC filings)

Key Players & Entities

• Graphjet Technology (company) — Registrant
• Energem Corp (company) — Former company name
• 20210820 (date) — Date of name change
• 20240625 (date) — Filing date
• Cayman Islands (jurisdiction) — Place of incorporation
• Kuala Lumpur, Malaysia (location) — Business address
• +60 018 272 7799 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.0001 — ,075 Class A Ordinary Shares, par value $0.0001 per share ("Class A Ordinary Shares"),
• $25,000 — Energem for aggregate consideration of $25,000, or approximately $0.009 per share, and
• $0.009 — sideration of $25,000, or approximately $0.009 per share, and 528,075 Class A Ordinary
• $10.00 — th Energem's initial public offering at $10.00 per unit, (iii) 202,500 Class A Ordinar
• $11.50 — es underlying the Warrants is below the $11.50 exercise price of the Warrants. For so
• $11 — s of the Class A Ordinary Shares exceed $11.50, respectively, holders of the Warran
• $4.80 — rice of our Class A Ordinary Shares was $4.80 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
• $1.235 b — total annual gross revenue of at least $1.235 billion, (3) the last day of the fiscal y
• $1.0 billion — date on which we have issued more than $1.0 billion in nonconvertible debt securities durin

Filing Documents

• ea0204489-s1_graphjet.htm (S-1) — 1294KB
• ea020448901ex10-3_graphjet.htm (EX-10.3) — 101KB
• ea020448901ex23-1_graphjet.htm (EX-23.1) — 2KB
• ea020448901ex-fee_graphjet.htm (EX-FILING FEES) — 38KB
• image_001.jpg (GRAPHIC) — 4KB
• image_002.jpg (GRAPHIC) — 3KB
• ex23-1_001.jpg (GRAPHIC) — 6KB
• 0001213900-24-055725.txt ( ) — 5015KB
• gti-20240331.xsd (EX-101.SCH) — 51KB
• gti-20240331_cal.xml (EX-101.CAL) — 41KB
• gti-20240331_def.xml (EX-101.DEF) — 209KB
• gti-20240331_lab.xml (EX-101.LAB) — 360KB
• gti-20240331_pre.xml (EX-101.PRE) — 219KB
• ea0204489-s1_graphjet_htm.xml (XML) — 411KB

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 statement, the Selling Securityholders may sell up to 108,848,493 Class A Ordinary Shares and 528,075 Warrants from time to time in one 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 filing on SEC EDGAR