Energem Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.
KUALA LUMPUR, Malaysia, Nov. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Energem Corp. (the "Company") announced today the closing of its initial public offering of 10,000,000 units at $10.00 per unit. Each unit consists of one Class A ordinary share and one redeemable warrant. Each warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share. The underwriters exercised their over-allotment option in full for an additional 1,500,000 units at the time of t