Chijet Motor Company, Inc. announced the successful closing of a private placement offering for gross proceeds equivalent to $300 million in cryptocurrency on October 27, 2025. The offering was conducted with select non-U.S. institutional investors.
Each unit in the offering comprised one ordinary share, priced at the equivalent of $0.10 per share in cryptocurrency, based on prevailing market rates. Additionally, each unit included three warrants, each exercisable to purchase one ordinary share at an exercise price equivalent to $0.12 per share in cryptocurrency.
CEO Melissa Chen stated that this significant investment reflects strong investor confidence in Chijet’s strategic vision and operational capabilities. The cryptocurrency proceeds will be securely custodied and provide substantial financial flexibility to advance the company's secure crypto custody infrastructure and pursue strategic acquisitions within the digital asset storage ecosystem.
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