Graphjet Technology (GTI) Registration Filing summary

Company overview and business model

• Owns patented technology to manufacture artificial graphene and graphite from palm kernel shells, offering a sustainable, low-cost alternative to traditional sources.

• Collaborates with leading universities and is a member of MIT's Industrial Liaison Program, supporting ongoing R&D.

• Has not commenced commercial sales but began limited revenue from side products in June 2025; plans to sample products to multinationals for market acceptance.

• Secured a production facility in Malaysia, with production starting in August 2025.

• Aims to displace high-cost suppliers with eco-friendly, high-quality materials for industries such as EV batteries, electronics, and energy storage.

Financial performance and metrics

• Reported a net loss of $22.8 million for the nine months ended June 30, 2025, up from a $16.7 million loss in the prior year period.

• Revenues were $49,316 for the nine months ended June 30, 2025, from side product sales; no commercial sales of core products yet.

• Accumulated deficit reached $48.6 million as of June 30, 2025.

• Negative working capital of $15.7 million as of June 30, 2025, and substantial doubt about ability to continue as a going concern without additional capital.

• Funded operations primarily through equity investments, PIPE financing, and related-party loans.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by selling securityholders.

• May receive up to $1.1 million from the exercise of warrants, to be used for general corporate purposes.

• Proceeds from a $7 million loan from International Liquidity, LLC are secured by 3,157,000 shares as collateral.