Each unit consists of one share of common stock, par value $0.0001 per share and one warrant, with each whole warrant entitling the holder to purchase one share of common stock at a price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The shares of common stock and warrants that are separated will trade on the Nasdaq under the symbols "ENCP" and "ENCPW," respectively. Those units not separated will continue to trade on the Nasdaq under the symbol "ENCPU."
Holders of the units will need to have their brokers contact
The units were initially offered by the Company in an underwritten offering. EF Hutton, division of
A registration statement relating to the units and the underlying securities became effective on November 17, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the final prospectus relating to the offering may be obtained for free by visiting the
ABOUT
FORWARD LOOKING STATEMENTS
This press release contains statements that constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's initial public offering filed with the SEC. Copies are available on the
SOURCE: Energem Corp.
Level 3, Tower 11, Avenue 5, No. 8,
Jalan Kerinchi, Bangsar South
59200 Wilayah Persekutuan
Attn:
Chief Executive Officer
sghoo@energemcorp.com
+ (60) 3270 47622
Source:
2022 GlobeNewswire, Inc., source