Energem Corp. announces signing an agreement to purchase Graphjet Technology

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!

Rimon has 46 offices across five continents. The firm is widely known as being at the vanguard of legal innovation. The firm has been repeatedly recognized by the Financial Times as one of North America’s most innovative law firms. The firm’s Managing Partners were both named ‘Legal Rebels’ by the American Bar Association’s ABA Journal and have spoken on innovations in the practice of law at Harvard and Stanford Law Schools. Rimon and its lawyers have also received numerous awards for excellence, including from Best Lawyers and Chambers.