Graphjet Technology begins trading on Nasdaq
Graphjet Technology has announced it will begin trading on Nasdaq under the ticker symbol “GTI”. Graphjet Technology, developer of patented technologies to produce graphite and graphene directly from agricultural waste, and Energem Corp. (Nasdaq: ENCP, ENCPW), have closed a business combination that “creates the only pure-play publicly traded direct biomass-to-graphite company.
Graphjet has raised $5.8 million through the transaction and anticipates that additional fundraising will be necessary to accelerate its growth strategy and expand its manufacturing capacity. These funds will enhance the Company’s financial flexibility as well as its ability to capitalize on organic and inorganic growth opportunities.
Source: https://www.graphene-info.com/node/8152
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