KUALA LUMPUR, Feb 8 (Bernama) — Graphjet Technology Sdn Bhd (“Graphjet Technology” or “Graphjet”), a frontrunner in green graphite production, today celebrates a milestone in its journey towards becoming a publicly traded entity. The company’s De-SPAC transaction, recently greenlit by the U.S. SEC, paves the way for a Nasdaq listing, valuing Graphjet at USD 1.49 billion pro forma enterprise value. This development not only signifies Graphjet’s business growth but also its commitment to shaping a green supply chain ecosystem globally.
Mr Aiden Lee Ping Wei, Co-founder and Chief Executive Officer of Graphjet Technology, shared his excitement about the nearing completion of Graphjet’s journey to becoming a publicly traded entity. ” Our commitment to sustainable innovation takes a new leap with our Nasdaq listing. We’re not just producing green graphite; we’re at the forefront of developing advanced green battery anode materials. This move underscores our role in the global shift towards renewable energy solutions.