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Stock impact report

Chijet Motor Company Announces Closing of $20.0 Million Private Placement

Chijet Motor Company, Inc. - Class A Ordinary Shares (CJET) 
Company Research Source: GlobeNewswire
New York, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (“Chijet” or the “Company”) today announced the closing of its previously announced private placement offering of units consisting of ordinary shares and warrants for gross proceeds of $20.0 million. The offering was conducted with certain non-U.S. institutional investors. Each unit consists of one ordinary share (par value $0.003) at the offering price of $0.15 per share and three warrants, with each warrant exercisable to purchase one ordinary share at an exercise price of $0.18 per share. The warrants are exercisable for a period of three years from the date of issuance and may be exercised on a cashless basis under certain circumstances. The offering was made pursuant to exemptions from the registration requirements of the Securities Act of 1933, as amended, including Section 4(a)(2) and Regulation S thereunder. This press release does not constitute an offer to sell or the solicitation of Show less Read more
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