Graphjet Technology announced that its board of directors has determined the effective date for the previously approved 1-for-60 share consolidation. The Share Consolidation will become effective as of 12:01 a.m. Eastern Time on August 25, 2025.
The company's ordinary shares are expected to begin trading on a split-adjusted basis on The Nasdaq Global Market under the existing trading symbol 'GTI' at the open of trading on August 25, 2025. The par value of the ordinary shares will also be reduced from $0.0001 to $0.006 per share.
This share consolidation is intended to increase the trading price of the ordinary shares to meet Nasdaq’s continued listing requirements. No fractional shares will be issued; instead, any fractional share will be rounded up to the nearest whole share.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.