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Smart Investors Daily
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NASDAQ · ENCPU

Energem Corp.

Financial Services · Shell Companies

$10.75

Down-$1.94 (-15.29%)

Updated Sep 18, 2026, 10:38 AM

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Market cap
49.19M
P/E ratio
-0.21
Dividend yield
0.00%
52-week range
— – —
Volume
30
Avg. volume
244

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Overview

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Company profile

Energem Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus a target business operating in the energy industry. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.

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GlobeNewswire Inc. · Nov 18, 2021

Energem Corp. Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option

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 the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are $115 million, prior to deducting underwriting discounts, commissions, and other Offering expenses.The units have been listed on the Nasdaq Global Market (“Nasdaq”) and began trading on November 16, 2021, under the ticker symbol “ENCPU”. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “ENCP” and “ENCPW”, respectively.

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