Graphjet Technology announced that it is now able to produce graphite that meets the required standards for use as battery anode material. This achievement is a critical validation of the company's patented production technology and its product quality.
With this significant milestone, Graphjet will now proceed to finalize collaborations, supply agreements, and offtake agreements with its customers in the coming weeks. This indicates a direct path towards commercialization and revenue generation.
The company also initiated steps to increase the number of shares in the market, subject to SEC registration, following its upcoming share consolidation. Graphjet has engaged a prominent investment bank to assist in distributing additional shares to improve liquidity post-consolidation.
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.