Workflow
Chijet Motor Company Announces Closing of $300 Million Private Placement in Cryptocurrency

New York, NY, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (“Chijet” or the “Company”) today announced the successful closing of a private placement offering of units, consisting of ordinary shares and warrants, for gross proceeds equivalent to 300millionincryptocurrency.TheofferingwasconductedwithselectnonU.S.institutionalinvestors.Eachunitcomprisesoneordinaryshare(parvalue300 million in cryptocurrency. The offering was conducted with select non-U.S. institutional investors. Each unit comprises one ordinary share (par value 0.003) priced at the equivalent of $0.10 per share in cryptocurrency, based on p ...