03:28 PM EDT, 03/15/2024 (MT Newswires) -- (Updates with price move in the headline and first paragraph)

Graphjet Technology (GTI) shares rose nearly 4% in recent Friday trading on its Nasdaq debut following its merger with blank-check Energem (ENCP, ENCPW).

Trading volume was more than 56,000 shares so far, with the stock having traded within the range of $11.90 to $14.00.

Graphjet, which was founded in 2019 in Malaysia as a graphene and graphite producer, said Thursday it has completed its merger with Energem.

Price: 12.60, Change: +0.46, Percent Change: +3.79