Graphjet Technology to go public via a SPAC merger with Energem in a $1.49bn deal.

Graphjet Technology, a manufacturer of graphene and graphite, agree to go public via a SPAC merger with Energem, a blank cheque company, in a $1.49bn deal. “From the many companies under consideration by Energem Corp., our goal was to find a breakthrough technology that met our criteria of investing in long-term sustainability for our world. Graphjet not only produces high-demand materials in a growing market, but does so by utilizing a commonly available waste product in Malaysia. Our team looks forward to our continued work with Graphjet and we are committed to their growth strategy," Swee Guan Hoo, Energem CEO.