The SPAC intends to focus on companies engaged in consumer products and industrial goods with either all or a substantial portion of their activities in North America or Europe.
Energem has a merger agreement with Graphjet Technology Sdn. Bhd., a Malaysian company that owns a patent-pending technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite.
Northern Star IV filed a proxy last week for another extension. The SPAC in March disclosed that stockholders redeemed 89% of shares ahead of the last extension vote.