A Nelson Mullins team representing Graphjet Technology helped finalize a $1.49 billion business combination transaction with Energem Corp., allowing Graphjet to become a publicly traded company. On March 15, Graphjet’s ordinary shares began trading as “GTI” on NASDAQ. The merger positions Graphjet, a company which makes graphite and graphene from plant waste, as a leading provider for the U.S. market.

The Nelson Mullins team was led by partner Andy Tucker, associates Kaylen Loflin, Ashely Wu, and Leticia Pavlak with support from partners Wells Hall, Matt Zischke and Rebekah McCorvey. The pending transaction was previously announced in 2022. 

Graphjet is an innovative graphene and graphite producer founded in Malaysia in 2019. It has the world’s first patent-pending technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. The company’s sustainable production methods utilize palm kernel shells, a waste agricultural product that is common in Malaysia, and will set a new shift in graphite and graphene supply chain of the world.

Energem is a blank check company formed for the purposes of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more energy and/or sustainable natural resource companies. 

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