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Energem Corp. Class A (ENCP) just unveiled an announcement.
Energem Corp. recently held an extraordinary general meeting, with 85.083% of shareholders present, reaching a quorum. The shareholders voted on several key proposals, including amending the company’s articles of association, greenlighting a business combination with Graphjet Technology, and changing the company’s name to GRAPHJET TECHNOLOGY. Additionally, they approved the issuance of new shares and adopted an equity incentive plan. Crucially, a new board of directors was appointed, with terms varying up to the 2025 annual meeting. The decisions, reflecting strong shareholder support, are set to shape the company’s strategic direction and governance.
For detailed information about ENCP stock, go to TipRanks’ Stock Analysis page.
