UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41070 ENERGEM CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction of in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and one redeemable warrant ENCPU The Nasdaq Stock Market LLC Class A ordinary shares included as part of the units ENCP The Nasdaq Stock Market LLC Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise p ...

Part I [Business](index=6&type=section&id=Item%201.%20Business) Energem Corp. is a Cayman Islands blank check company (SPAC) focused on renewable energy and zero-emission technology, aiming to acquire Graphjet Technology Sdn. Bhd. - Energem Corp. is a blank check company formed to effect an initial business combination, focusing on the renewable energy sector[11](index=11&type=chunk)[46](index=46&type=chunk) - On August 1, 2022, the Company entered into a Share Purchase Agreement to acquire Graphjet Technology Sdn. Bhd. ("Graphjet"), a company that converts palm kernel shells into graphene and graphite[17](index=17&type=chunk) Graphjet Business Combination Transaction Details | Metric | Value | | :--- | :--- | | **Aggregate Transaction Consideration** | $1,380,000,000 (payable in Energem Class A ordinary shares) | | **Target Net Working Capital** | $30,000 | - On November 16, 2022, shareholders approved an extension for the company to complete its initial business combination from November 18, 2022, to August 18, 2023[42](index=42&type=chunk)[43](index=43&type=chunk) - In connection with the extension vote, holders of **9,604,519 Class A ordinary shares** exercised their redemption rights, for an aggregate payment of approximately **$98.5 million**, reducing the trust account balance to approximately **$19.4 million**[44](index=44&type=chunk) [Risk Factors](index=29&type=section&id=Item%201A.%20Risk%20Factors) As a smaller reporting company, Energem Corp. provides a partial list of material risks primarily related to its status as an early-stage blank check company with no operating history - The company identifies itself as an early-stage entity with no operating history, which is a primary risk factor[144](index=144&type=chunk) - Key operational and financial risks include dependence on key personnel, potential conflicts of interest involving the sponsor and officers, the possibility of Nasdaq delisting, and the risk of warrants becoming worthless if a business combination is not completed[145](index=145&type=chunk) [Unresolved Staff Comments](index=30&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the SEC as of the filing date - Not applicable; the company has no unresolved staff comments[147](index=147&type=chunk) [Properties](index=30&type=section&id=Item%202.%20Properties) The company's principal executive offices are located in Kuala Lumpur, Malaysia, under a monthly administrative support services agreement - The company's executive offices are located at Level 3, Tower 11, Avenue 5, No. 8, Jalan Kerinchi, Bangsar South, Wilayah Persekutuan Kuala Lumpur, Malaysia 59200[148](index=148&type=chunk) - The company pays an affiliate of its sponsor **$10,000 per month** for office space and administrative support services[148](index=148&type=chunk) [Legal Proceedings](index=30&type=section&id=Item%203.%20Legal%20Proceedings) To the knowledge of its management, there is no current or contemplated litigation against Energem Corp., its officers, or its directors - There is no litigation currently pending or contemplated against the company or its officers and directors[149](index=149&type=chunk) [Mine Safety Disclosures](index=30&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company's business operations - Not applicable[149](index=149&type=chunk) Part II [Market for Registrant's Ordinary Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities](index=31&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Ordinary%20Equity%2C%20Related%20Shareholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Energem Corp.'s units, public shares, and public warrants are traded on Nasdaq, and the company has not paid cash dividends - The company's securities trade on Nasdaq: Units (ENCPU), Class A ordinary shares (ENCP), and public warrants (ENCPW)[150](index=150&type=chunk) - The company has not paid any cash dividends and does not plan to before its initial business combination[152](index=152&type=chunk) - From the IPO and private placement, gross proceeds of **$116,725,000** were placed in a Trust Account[159](index=159&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) The company, a blank check entity with no operations, reported a net income of $53,884 for 2022, primarily from trust account interest offsetting costs Results of Operations | Period | Net Income / (Loss) | Key Components | | :--- | :--- | :--- | | **Year ended Dec 31, 2022** | **$53,884** | Interest Income: $1,348,596; Operating Costs: $1,294,712 | | **Period from Aug 6, 2021 to Dec 31, 2021** | **($307,949)** | Interest Income: $1,349; Operating Costs: $309,298 | Liquidity Position (as of Dec 31, 2022) | Metric | Value | | :--- | :--- | | **Cash** | $47,789 | | **Working Capital** | ($723,893) | - The company has a promissory note with its sponsor for up to **$300,000** to cover expenses, with **$88,542** outstanding as of December 31, 2022[186](index=186&type=chunk) - Contractual obligations include a **$10,000 per month** administrative support fee to the sponsor and a deferred underwriting commission of **$4,025,000** payable upon completion of a business combination[188](index=188&type=chunk)[189](index=189&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=36&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company has minimal interest rate risk as its trust account funds are invested in short-term U.S. government treasury securities - The company's funds held in the Trust Account are invested in short-term U.S. government treasury bills, notes, or bonds, which are believed to have minimal interest rate risk[190](index=190&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.](index=36&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure.) The company reported no changes in or disagreements with its accountants on any accounting or financial disclosure matters - None reported[191](index=191&type=chunk) [Controls and Procedures.](index=36&type=section&id=Item%209A.%20Controls%20and%20Procedures.) Management concluded that disclosure controls were ineffective due to a material weakness in internal control over financial reporting, citing inadequate segregation of duties and limited personnel - Management concluded that the company's disclosure controls and procedures were not effective as of the end of the reporting period[191](index=191&type=chunk) - A material weakness was identified in internal controls over financial reporting due to inadequate segregation of duties, limited personnel, and insufficient written policies for accounting and financial reporting[195](index=195&type=chunk) - Management's remediation plan includes enhancing the board's size and composition, consulting with third-party professionals, and considering additional experienced staff[196](index=196&type=chunk) [Other Information.](index=37&type=section&id=Item%209B.%20Other%20Information.) The company intends to deposit approximately $85,297 into the trust account for the sixth monthly extension of its termination date - The company details the monthly deposits of approximately **$85,297** (**$0.045 per share**) into the trust account to facilitate the extension of its termination date for completing a business combination[199](index=199&type=chunk) Part III [Directors, Executive Officers and Corporate Governance.](index=38&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance.) This section provides information on the company's leadership team, board committees, and adopted Code of Ethics - The management team is led by Swee Guan Hoo (CEO), Kok Seong Wong (Chairman), and Cu Seng Kiu (CFO)[203](index=203&type=chunk) - The Board of Directors has three standing committees: Audit, Compensation, and Corporate Governance and Nominating[214](index=214&type=chunk) - The Board has determined that Kok Seong Wong, Doris Wong Sing Ee, and Kwang Fock Chong are independent directors, satisfying Nasdaq's majority independence requirement[213](index=213&type=chunk) - The company has adopted a Code of Ethics for its directors, officers, and employees[225](index=225&type=chunk) [Executive Compensation.](index=42&type=section&id=Item%2011.%20Executive%20Compensation.) Prior to a business combination, executive officers and directors receive no cash compensation, only reimbursement for out-of-pocket expenses - No executive officers or directors have received cash compensation for services rendered; they are only reimbursed for out-of-pocket expenses[227](index=227&type=chunk) - The company's CFO and certain directors received founder shares from the sponsor at their original purchase price as a form of non-cash compensation[228](index=228&type=chunk) - After an initial business combination, members of the management team who remain may be paid consulting or management fees, to be determined by the post-combination board[230](index=230&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters](index=43&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Shareholder%20Matters) This section details the beneficial ownership of the company's shares as of March 30, 2023, with the sponsor, Energem LLC, as the principal shareholder Outstanding Shares as of March 30, 2023 | Share Class | Shares Outstanding | | :--- | :--- | | **Class A Ordinary Shares** | 2,423,556 (including 1,895,481 subject to redemption) | | **Class B Ordinary Shares** | 2,875,000 | - The sponsor, Energem LLC, is the record holder of **528,075 Class A shares** and **2,875,000 Class B shares**, owned 50:50 by CEO Swee Guan Hoo and Executive Director Doris Wong Sing EE[237](index=237&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=44&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) The report outlines several related party transactions, primarily with the sponsor, Energem LLC, and reaffirms the independence of certain directors - The sponsor, Energem LLC, purchased **2,875,000 founder shares for $25,000** and **528,075 placement units for $5,280,750**[240](index=240&type=chunk)[243](index=243&type=chunk) - The company pays the sponsor **$10,000 per month** for office space, utilities, and administrative support[243](index=243&type=chunk)[252](index=252&type=chunk) - The sponsor or its affiliates may provide working capital loans up to **$1,500,000**, which can be converted into units at **$10.00 per unit** upon completion of a business combination[245](index=245&type=chunk)[253](index=253&type=chunk) - The board of directors has determined that Kok Seong Wong and Kwang Fock Chong are independent directors as defined by Nasdaq listing standards[259](index=259&type=chunk) [Principal Accountant Fees and Services.](index=47&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services.) This section summarizes the fees paid to the company's independent registered public accounting firm, Adeptus Partners LLC Fees Paid to Adeptus Partners LLC | Fee Type | FY 2022 | FY 2021 (Inception to Dec 31) | | :--- | :--- | :--- | | **Audit Fees** | $94,500 | $77,000 | | **Audit-Related Fees** | $0 | $0 | | **Tax Fees** | $0 | $0 | | **All Other Fees** | $0 | $0 | Part IV [Exhibits, Financial Statement Schedules](index=48&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists the documents filed as part of the Form 10-K report, including financial statements and an index of exhibits - The report includes the company's audited financial statements for the years ended December 31, 2022 and 2021[266](index=266&type=chunk) - Key exhibits filed with the report include the Share Purchase Agreement with Graphjet, the Underwriting Agreement, the company's Memorandum and Articles of Association, and various officer certifications[361](index=361&type=chunk) Financial Statements [Report of Independent Registered Public Accounting Firm](index=48&type=section&id=Report%20of%20Independent%20Registered%20Public%20Accounting%20Firm) The independent auditor, Adeptus Partners, LLC, issued an unqualified opinion on the company's financial statements for 2022 and 2021, affirming their fair presentation in conformity with U.S. GAAP - The auditor, Adeptus Partners, LLC, expressed an unqualified opinion on the financial statements[267](index=267&type=chunk) - The financial statements are deemed to be presented fairly in accordance with U.S. Generally Accepted Accounting Principles (GAAP)[267](index=267&type=chunk) [Financial Statements Data](index=50&type=section&id=Financial%20Statements%20Data) The financial statements reflect the company's status as a pre-business combination SPAC, showing a significant decrease in trust assets due to redemptions and a net income for 2022 Balance Sheet Summary (Audited) | Account | Dec 31, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **$19,897,384** | **$117,449,581** | | Cash and marketable securities held in trust | $19,535,946 | $116,726,349 | | **Total Liabilities** | **$5,110,331** | **$4,177,413** | | Deferred Underwriting Commission | $4,025,000 | $4,025,000 | | **Total Shareholders' Deficit** | **($4,919,487)** | **($3,452,832)** | Statement of Operations Summary (Audited) | Account | Year Ended Dec 31, 2022 | Period Ended Dec 31, 2021 | | :--- | :--- | :--- | | Formation and Operating costs | ($1,294,712) | ($309,298) | | Interest earned on trust account | $1,348,596 | $1,349 | | **Net Income (Loss)** | **$53,884** | **($307,949)** | | **Basic and diluted net income (loss) per share** | **$0.02** | **($0.10)** | [Notes to the Financial Statements](index=54&type=section&id=Notes%20to%20the%20Financial%20Statements) The notes provide critical context on the company's SPAC formation, IPO, pending Graphjet acquisition, shareholder redemptions, and a going concern uncertainty - The company is a blank check company that consummated its IPO on November 16, 2021, and entered into a Share Purchase Agreement with Graphjet on August 1, 2022[282](index=282&type=chunk)[296](index=296&type=chunk) - Shareholder redemptions of **9,604,519 shares** reduced the trust account balance to approximately **$19.5 million** as of December 31, 2022[302](index=302&type=chunk) - Management has identified a substantial doubt about the company's ability to continue as a going concern if it fails to complete a business combination by the August 18, 2023 deadline[307](index=307&type=chunk) - Related party transactions include the sponsor's purchase of **2,875,000 founder shares for $25,000** and a promissory note for up to **$300,000** to cover offering costs[331](index=331&type=chunk)[334](index=334&type=chunk)

PART I — FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Energem Corp. reported a net income of $152,167 for the nine months ended September 30, 2022, primarily from trust account interest, with total assets of $117.7 million and a $4.0 million shareholders' deficit [Balance Sheets](index=4&type=section&id=BALANCE%20SHEETS) As of September 30, 2022, total assets were $117.7 million, primarily from $117.4 million in trust account securities, resulting in a $4.0 million shareholders' deficit Balance Sheet Summary (as of September 30, 2022) | Category | Amount (USD) | | :--- | :--- | | **Assets** | | | Current Assets (Cash & Prepaid) | $241,385 | | Cash and marketable securities held in trust | $117,422,529 | | **Total Assets** | **$117,663,914** | | **Liabilities & Shareholders' Deficit** | | | Total Liabilities | $4,239,579 | | Class A ordinary shares subject to possible redemption | $117,422,529 | | Total shareholders' deficit | ($3,998,194) | | **Total Liabilities and Shareholders' Deficit** | **$117,663,914** | [Statement of Operations](index=5&type=section&id=STATEMENT%20OF%20OPERATIONS) For the nine months ended September 30, 2022, the company reported a net income of $152,167, achieved through $696,180 in interest income offsetting $544,103 in costs, resulting in $0.04 net income per share Statement of Operations Summary (Nine Months Ended Sep 30, 2022) | Metric | Amount (USD) | | :--- | :--- | | Formation and Operating costs | $544,103 | | Loss from operation | ($544,103) | | Interest earned on marketable securities | $696,180 | | **Net Income** | **$152,167** | | Basic and diluted net income per ordinary share | $0.04 | [Statement of Changes in Shareholders' Deficit](index=6&type=section&id=STATEMENT%20OF%20CHANGES%20IN%20SHAREHOLDERS'%20DEFICIT) The company's shareholders' deficit increased from $(3,452,832) to $(3,998,194) by September 30, 2022, primarily due to re-measurement of ordinary shares, partially offset by net income - The total shareholders' deficit grew to approximately **$4.0 million** by the end of Q3 2022, up from **$3.45 million** at the start of the year[16](index=16&type=chunk) [Statement of Cash Flows](index=7&type=section&id=STATEMENT%20OF%20CASH%20FLOWS) For the nine months ending September 30, 2022, net cash used in operating activities was $664,289, leading to a decrease in cash balance from $715,727 to $51,438 Cash Flow Summary (Nine Months Ended Sep 30, 2022) | Category | Amount (USD) | | :--- | :--- | | Net cash used in operating activities | ($664,289) | | Net change in cash | ($664,289) | | Cash at the beginning of the period | $715,727 | | **Cash at the end of the period** | **$51,438** | [Notes to Unaudited Financial Statements](index=8&type=section&id=NOTES%20TO%20UNAUDITED%20FINANCIAL%20STATEMENTS) Energem, a SPAC, raised $115 million in its November 2021 IPO, placing $116.7 million into a trust account, and has until November 2022 to complete a business combination, with a subsequent agreement to acquire Graphjet Technology for $1.38 billion - The company is a special purpose acquisition company (SPAC) targeting businesses in the oil and gas, renewable energy, and adjacent sectors[20](index=20&type=chunk) - The company has until November 18, 2022, to consummate a Business Combination, with an option to extend up to May 18, 2023, by depositing additional funds into the Trust Account[32](index=32&type=chunk) - On August 1, 2022, the Company entered into a share purchase agreement to acquire Graphjet Technology Sdn. Bhd. for an aggregate share consideration valued at **$1.38 billion**[85](index=85&type=chunk)[88](index=88&type=chunk) - The Sponsor has provided a promissory note of up to **$300,000** for offering-related costs, of which **$88,542** was outstanding as of September 30, 2022[63](index=63&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=ITEM%202.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management confirms the company is a blank check entity with no operations, focused on completing an initial business combination, reporting a net income of $152,167 for the nine months ended September 30, 2022, solely from trust account interest [Overview](index=20&type=section&id=Overview) The company is a blank check company formed in August 2021 to effect a business combination, acknowledging that additional share or debt issuance could dilute investors or introduce risks - The company is a blank check company formed for the purpose of effecting a business combination[93](index=93&type=chunk) - Management warns that issuing additional equity could significantly dilute investors, while incurring debt could lead to default, foreclosure, or restrictive covenants[94](index=94&type=chunk) [Results of Operations](index=22&type=section&id=Results%20of%20Operations) The company has not engaged in operations or generated revenue, with activities limited to organizational tasks and target search, reporting a net income of $152,167 for the nine-month period ended September 30, 2022, from interest income offsetting costs Financial Summary (Nine Months Ended Sep 30, 2022) | Item | Amount (USD) | | :--- | :--- | | Interest Earned | $696,180 | | Formation and Operating Costs | ($544,013) | | **Net Income** | **$152,167** | [Liquidity and Capital Resources](index=22&type=section&id=Liquidity%20and%20Capital%20Resources) As of September 30, 2022, the company had $51,438 in cash and $26,806 in working capital to fund its business combination search, with the Sponsor able to extend the deadline by depositing $1,150,000 for each three-month extension - As of September 30, 2022, the company had **$51,438** in cash and a working capital of **$26,806**[102](index=102&type=chunk) - The Sponsor can extend the business combination deadline by three months (up to two times) by depositing **$1,150,000** into the Trust Account for each extension[105](index=105&type=chunk)[106](index=106&type=chunk) - The Sponsor may provide Working Capital Loans, which can be repaid or converted into units at **$10.00** per unit upon a successful business combination[103](index=103&type=chunk) [Contractual Obligations](index=23&type=section&id=Contractual%20Obligations) The company has no long-term debt, with main contractual obligations being a $10,000 monthly administrative fee to its Sponsor and a $4,025,000 deferred underwriting commission, both payable upon business combination completion - The company is obligated to pay its Sponsor **$10,000** per month for administrative support, payable upon closing a Business Combination[110](index=110&type=chunk) - A deferred underwriting commission of **$4,025,000** is payable from the Trust Account upon completion of an initial Business Combination[111](index=111&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=24&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company states it has no material exposure to interest rate risk, as funds in the Trust Account are invested in short-term U.S. government treasury securities or money market funds - The company's funds in the Trust Account are invested in short-term U.S. government securities, leading to the belief that there is no material exposure to interest rate risk[113](index=113&type=chunk) [Item 4. Controls and Procedures](index=24&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that the company's disclosure controls and procedures were effective as of September 30, 2022, with no material changes to internal control over financial reporting during the quarter - Management concluded that as of September 30, 2022, the company's disclosure controls and procedures were effective[116](index=116&type=chunk) - There were no changes in internal control over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[117](index=117&type=chunk) PART II - OTHER INFORMATION [Item 1. Legal Proceedings](index=24&type=section&id=Item%201.%20Legal%20Proceedings) The company reports that there are no legal proceedings - None[119](index=119&type=chunk) [Item 1A. Risk Factors](index=24&type=section&id=Item%201A.%20Risk%20Factors) The company indicates that there have been no material changes to the risk factors previously disclosed in its final prospectus or Annual Report on Form 10-K - There have been no material changes to the risk factors disclosed in the company's prior filings[120](index=120&type=chunk) [Item 2. Unregistered Sale of Equity Securities and Use of Proceeds](index=25&type=section&id=Item%202.%20Unregistered%20Sale%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the private placement of units to the Sponsor, which raised approximately $5.28 million, and outlines the use of proceeds from the Initial Public Offering, confirming $116,725,000 was placed into a Trust Account - The company completed a private placement to its Sponsor of **528,075** units at **$10.00** per unit, generating gross proceeds of **$5,280,750**[122](index=122&type=chunk) - From the Initial Public Offering and private placement, **$116,725,000** was deposited into the Trust Account[126](index=126&type=chunk) [Item 3. Defaults Upon Senior Securities](index=25&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon senior securities - None[127](index=127&type=chunk) [Item 5. Other Information](index=25&type=section&id=Item%205.%20Other%20Information) The company reports no other information - None[128](index=128&type=chunk) [Item 6. Exhibits](index=26&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, primarily consisting of certifications by the Principal Executive Officer and Principal Financial Officer, along with Inline XBRL financial data files - Exhibits filed include certifications from the Principal Executive Officer and Principal Financial Officer pursuant to Sarbanes-Oxley Act Sections 302 and 906, as well as Inline XBRL documents[131](index=131&type=chunk)

Financial Performance - The Company had a net loss of $72,389 for the six-month period ended June 30, 2022, consisting of formation and operating costs of $241,714 and interest earned on marketable securities of $169,325[96]. - The Company has not engaged in any operations or generated revenues to date, with expectations to do so only after completing a Business Combination[95]. Initial Public Offering (IPO) - The Initial Public Offering (IPO) generated gross proceeds of $100,000,000 from the sale of 10,000,000 units at $10.00 per unit, with offering costs amounting to $6,738,148[97]. - The Company raised an additional $15,000,000 from the sale of 1,500,000 Option Units following the exercise of the over-allotment option[99]. - The underwriter received a cash underwriting fee of 2.0% of gross proceeds from the IPO, totaling $2,300,000, along with deferred underwriting commissions of $4,025,000[107]. Cash and Working Capital - As of June 30, 2022, the Company had $262,873 in cash and a working capital of $329,105 available for identifying and evaluating prospective acquisition candidates[100]. - The Company has invested the net proceeds from the IPO in U.S. government treasury bills and money market funds, minimizing exposure to interest rate risk[109]. Business Combination Plans - The Company expects to incur significant costs in pursuing its initial Business Combination plans and does not guarantee the success of its capital-raising efforts[94]. - The Company may extend the time to consummate a Business Combination up to 18 months, subject to the Sponsor depositing additional funds into the Trust Account[103]. - The Company has no long-term debt or capital lease obligations, and may reimburse the Sponsor up to $10,000 per month for administrative support until the completion of the Business Combination[106].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41070 ENERGEM CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction of i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File Number: 001-41070 Energem Corp. FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to _____ (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdictio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: ________ ENERGEM CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisd ...