UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 7, 2024
Energem Corp.
(Exact name of registrant as specified in its charter)
Cayman Islands
(State or other jurisdiction of incorporation)
| 001-41070 | N/A | |
(Commission File Number) | (IRS Employer Identification No.) |
Level 3, Tower 11, Avenue 5, No. 8,
Jalan Kerinchi , Bangsar South
Wilayah Persekutuan Kuala Lumpur, Malaysia 59200
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code +(60) 3270 47622
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing rule or Standard
As previously report on a Current Report on Form 8-K on December 7, 2023, on December 4, 2023, Energem Corp., a special purpose acquisition company, incorporated as a Cayman Islands exempted company (the “Company”), received a notice (the “Notice”) from the staff of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company no longer has the minimum requirement of 400 shareholders for continued listing on Nasdaq. The Company requested a hearing before the Nasdaq Hearing Panel to appeal this Notice as well as the notice received on November 22, 2023, which was previously disclosed on Form 8-K filed on November 28, 2023.
Nasdaq granted the Company’s hearing request, which hearing request stayed the suspension of trading of the Company’s securities on The Nasdaq Capital Market until the hearing process concludes and the Nasdaq Hearing Panel issues a written decision. A hearing on the matter was held on February 22, 2024.
On March 7, 2024, the Nasdaq Hearing Panel issued written notice of its decision to grant the Company’s request for an exception to its listing deficiencies until March 20, 2024 in view of the Company’s substantial steps toward closing its previously announced initial business combination and its plan for achieving compliance with Nasdaq listing rules upon closing of the transaction for listing on The Nasdaq Global Market.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Energem Corp. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ENERGEM CORP. | ||
| Date: March 11, 2024 | By: | /s/ Swee Guan Hoo |
| Name: | Swee Guan Hoo | |
| Title: | Chief Executive Officer | |