Graphite for North America Graphex Group Receives Unsolicited Preliminary Offer and LOI to Buy Graphex Technologies and Propel its North American Expansion Strategy
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Graphex Group Limited, a global graphite processing company, has received a preliminary offer to buy Graphex Technologies, its U.S.‐based subsidiary, for stock by a NASDAQ‐listed company.
The proposed transaction will transition Graphex Technologies into an independent
The pre-money enterprise value, net of liabilities, for Graphex Tech is anticipated to be between
As soon as practicable upon the completion of the Acquisition, Graphex Group intends to distribute the Consideration Shares to all its shareholders on a pro rata basis. It is further expected that a new, independent Board of Directors will be strategically selected and that Graphex Tech’s Chief Executive Officer John DeMaio, will continue to lead the new public company after the completion of the Acquisition.
John DeMaio, CEO of Graphex Tech. said:
“In light of the recent news coming out of
Andross Chan, CEO of Graphex Group said:
“As we focus on increasing our production capabilities by 10X over the next several years to serve the Chinese and Asian markets, this is a perfect time for Graphex Technologies to flourish in
To learn more about Graphex Technologies, please visit www.graphexgroup.com.
About Graphex
Graphex is a multinational technology company focused on the development of technologies and products to enhance renewable energy, particularly the refining of natural spherical graphite, synthetic graphite, and graphene-related products - key components in EVs/Lithium-ion batteries as well as in other uses. Graphex has extensive commercial experience in the deep processing of graphite and producing battery grade graphite anode material. Current production is 10,000 tonnes per annum (tpa) with a current expansion underway to increase production to 50,000 tpa within the next 18 months, to 100,000 tpa over the next 36 months, and to 150,000 tpa or more by 2030.
Graphex is currently among the top suppliers of specialized graphite anode material to the EV and renewable energy industries and holds patents in areas including products, production methods, machinery design, and environmental protection. Graphex’s strategy is to expand its operations globally to support energy transition and electrification efforts worldwide.
Forward Looking Statements
All statements contained in this presentation other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbor in Section 27A and 21E of the Securities Act of 1933 and the Securities Exchange act of 1934, respectively. You can identify some of these forward looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. We have based these forward looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short term and long-term business operations and objectives, and financial needs. These forward looking statements involve various risks and uncertainties. Information from third sources identified in this release is based on published reports for such information and we have assumed the accuracy of such reports without independent investigation or inquiry. This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of Graphex Group Limited, including but not limited to its American Depositary Shares.
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Corporate:
Graphex Group
info@graphexgroup.com
www.graphexgroup.com
Public Relations:
FischTank PR
graphex@fischtankpr.com
Source: Graphex Group Limited
FAQ
What is the preliminary offer received by Graphex Group Limited (GRFX)?
What is the proposed aim of the transaction involving Graphex Technologies?
What is the anticipated pre-money enterprise value for Graphex Tech?
How will the consideration for the Acquisition be paid?
What is the condition for the completion of the Acquisition?
What is the plan for the distribution of Consideration Shares upon completion of the Acquisition?