Energem Calls Shareholder Meeting to Vote on Graphjet Technology Deal

Energem announced today that with its registration statement now effective, shareholders will meet Feb. 23 to vote on the proposed merger with Graphjet Technology Sdn. Bhd., a Malaysian company that produces green, low-cost graphene, graphite and graphene-based materials.

Energem last month filed a proxy seeking a six-month extension to close the deal. A vote on the extension proposal is slated for Feb. 16.

The deal was announced in August 2022. At announcement, Graphjet investors were to receive $117 million of cash in Energem’s trust, as well as rollover equity. Hovever, the SPAC held just shy of $14 million in trust as of Dec. 31. Read more.

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