Chijet Motor Company, Inc. announced on September 26, 2025, that it entered into agreements for a private placement offering of units for gross proceeds of up to $20.0 million. The offering was conducted with certain non-U.S. institutional investors.
Each unit in the offering consists of one ordinary share with a par value of $0.003, priced at $0.15 per share. Additionally, each unit includes three warrants, with each warrant exercisable to purchase one ordinary share at an exercise price of $0.18 per share.
The warrants will be exercisable for a period of three years from the date of issuance and may be exercised on a cashless basis under specific circumstances. This financing initiative aims to bolster the company's capital resources.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.