SEC Comment Letter 0000000000-23-001878 to GRAPHJET TECHNOLOGY (GTIJF)
GRAPHJET TECHNOLOGY
Date: Feb. 24, 2023 · CIK: 0001879373 · Accession: 0000000000-23-001878
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File numbers found in text: 333-268716
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United States securities and exchange commission logo
February 24, 2023
Swee Guan Hoo
Chief Executive Officer
Energem Corp.
Level 3, Tower 11, Avenue 5, No. 8
Jalan Kerinchi, Bangsar South
Wilayah Persekutuan Kuala Lumpur, Malaysia
Re:Energem Corp.
Amendment No. 2 to Registration Statement on Form S-4
Filed February 14, 2023
File No. 333-268716
Dear Swee Guan Hoo:
We have reviewed your amended registration statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments. Unless we note
otherwise, our references to prior comments are to comments in our February 8, 2023, letter.
Amendment No. 2 to Form S-4
Beneficial Ownership of Combined Entity Securities, page 119
1.We note your revisions in response to prior comment 11. Please further revise this section
to provide the disclosure required by Item 201(b) of Regulation S-K, as this relates to the
registrant (pursuant to Item 14(d) of Form S-4) and the acquired company (pursuant to
Item 17(b)(2) of Form S-4). Revise the caption and lead-in to clarify that the information
relates to Energem and Graphjet (on a pre-combination basis) and to the combined entity
(on a post-combination basis), and revise the table accordingly.
FirstName LastNameSwee Guan Hoo
Comapany NameEnergem Corp.
February 24, 2023 Page 2
FirstName LastName
Swee Guan Hoo
Energem Corp.
February 24, 2023
Page 2
Graphjet's Business
Facilities, page 155
2.We note that page 23 of the investor presentation filed as an exhibit to the Form 8-K on
February 13, 2023, indicates that land and local permissions for the new factory have been
obtained, and targets the first quarter of 2025 for the start of production. Please update the
disclosure in this section to include this and/or other information regarding the status of
the new factory and expected production.
Unaudited Pro Forma Condensed Combined Financial Information
Note 3 - Transaction Accounting Adjustments to the Energem and Graphjet Unaudited Pro
Forma Condensed Combined Balance Sheet as of September, page 169
3.Refer to Note 3 (J). It appears that the 2,760,000 FA shares reported in the pro forma
share ownership table on page 75 were not reflected in the pro forma share amounts on
page 169. Please revise or advise.
Index to Financial Statements, page F-1
4.Please provide updated financial statements and related disclosures for Energem and
Graphjet as required by Rule 8-08 of Regulation S-X.
Exhibits
5.We note your response to prior comment 15. Since the revised disclosure under "Legal
Matters" appears to indicate that both Rimon P.C. and Ogier (Cayman) LLP will be
issuing legality opinions, please file both opinions as exhibits to your registration
statement.
General
6.Please revise your disclosure to include compensation information with respect to
Graphjet's directors and executive officers. Refer to Item 402 of Regulation S-K.
You may contact SiSi Cheng at 202-551-5004 or Melissa Gilmore at 202-551-3777 if
you have questions regarding comments on the financial statements and related matters. Please
contact Jennifer Angelini at 202-551-3047 or Asia Timmons-Pierce at 202-551-3754 with any
other questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing
cc: Debbie Klis