Energem Corp. announces signing an agreement to purchase Graphjet Technology
News Debbie A. Klis · Debra Vernon · Victoria Yang · Zhun Lu, Ph.D. · Robert (Bob) Cocchia · Steven P. Eichel · Craig Tanner · August 1, 2022
Rimon PC client Energem Corp., a Nasdaq listed company (NASD: ENCPU), has announced the signing of a business combination agreement with Graphjet Technology, a Malaysian company that transforms palm kernel shells, a waste product of palm oil production, into graphene and graphite used to produce EV batteries. The transaction values Graphjet at pro forma enterprise value of $1.49 billion. Read the press release here.
Rimon attorneys Debbie Klis, Debra Vernon, Victoria Yang, Zhun Lu, Bob Cocchia, Steve Eichel, Craig Tanner, and Katie Hyman advised Energem Corp. on the deal.
We congratulate Energem Corp. and Graphjet Technology Sdn. Bhd. on this exciting announcement!
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