Graphex Group Retains Maxim Group to Explore U.S. Spinoff of its Graphex Technologies Business
June 20 2023 - 6:30AM
Graphex Group Limited, together with its wholly owned US
subsidiary, Graphex Technologies, LLC (“Graphex” or the “Company”)
(NYSE American: GRFX | HKSE: 6128), a multinational technology
company focused on the development of technologies and products to
enhance renewable energy, is pleased to announce that it has
engaged the services of New York City-based investment bank and
financial advisory firm, Maxim Group LLC ("Maxim"). Maxim will
provide financial advisory services in relation to the potential
spinoff of Graphex Technologies, LLC. The terms and conditions of
any spinoff will be determined after analysis by Maxim.
Graphex is a global leader in mid-stream processing
of natural graphite, specializing in the production of high-quality
anode materials for use in Lithium-ion (Li-ion) batteries that are
widely utilized in electric vehicles and renewable energy storage
systems.
“We are very pleased to retain the team of
experienced professionals at Maxim to advise us in this process,”
commented John DeMaio, Graphex’s President and CEO of Graphex
Technologies. “With the EV industry in North America moving
purposefully to establish domestic supply chains for critical
minerals such as graphite for Li-ion EV batteries, we believe that
a spin-off of a standalone US entity may help to accelerate the
growth and development of our global graphene business by
facilitating access to additional investors, incentives, and other
financing sources and by providing clarity to our industry partners
and customers. We believe that a spin-off may also help us to
unlock the underlying value of Graphex Technologies in the U.S.
securities market, particularly with respect to the institutions,
funds, and investors who are most interested in investing in
businesses and companies that are domiciled in the U.S. We look
forward to working with Maxim and sharing our vision with potential
investors in this unique opportunity.”
Our goal in spinning off Graphex Technologies, is
to create an independent U.S. entity focused on the rapidly growing
market for Li-ion battery materials. We believe that allowing each
business to concentrate on its core competencies and capitalize on
specific market opportunities may enhance shareholder value.
About Maxim Group LLC
Founded in 2002, Maxim is a leading full-service
investment bank, securities and wealth management firm
headquartered in mid-town Manhattan providing a
comprehensive array of financial services including investment
banking, global institutional sales, equity research, fixed income
and derivative sales & trading, merchant capital, private
wealth management, and prime brokerage services to a diverse range
of corporate clients, institutional investors and high-net-worth
individuals. Maxim is a registered broker-dealer with the U.S.
Securities and Exchange Commission and the Municipal Securities
Rulemaking Board (MSRB).
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 30,000 tpa within the next 12 months.
Graphex intends to further expand existing operations to 55,000 tpa
over the next three years. 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.
Corporate: Graphex Group
info@graphexgroup.comwww.graphexgroup.com
Investor Relations: RedChip
Companies, Inc. Dave Gentry 1-800-733-2447grfx@redchip.com
Public Relations: FischTank PR
Graphex@fischtankpr.com
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