Chijet Motor Company, Inc. announced the closing of its previously announced private placement offering for gross proceeds of $20.0 million on October 6, 2025. The offering was conducted with certain non-U.S. institutional investors.
Each unit in the offering consisted of one ordinary share with a par value of $0.003, priced at $0.15 per share. Additionally, each unit included 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. This closing provides Chijet with additional capital.
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