New York, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (“Chijet” or the “Company”) today announced that it has entered into securities purchase agreements with certain non-U.S. institutional investors for a private placement offering of units consisting of ordinary shares and warrants for gross proceeds of up to $20.0 million. Each unit consists of one ordinary share (par value $0.003) at an offering price of $0.15 per share and three warrants, with each warrant exercisable t ...

Core Insights - Several companies have experienced significant stock price declines, impacting investor sentiment and market performance [1] Company Summaries Chijet Motor Company, Inc. (NASDAQ:CJET) - Stock price dropped to $0.19, reflecting a -33.69% change, with a yearly range of $0.078 to $2.99 [2] - The company focuses on innovation in the electric vehicle sector and has appointed Jason Miller as COO to lead its transition into digital currency [2] - Strategic integration of major cryptocurrencies like Bitcoin, Ethereum, and Solana into its balance sheet is planned [2] AtlasClear Holdings, Inc. (NYSE American:ATCH) - Experienced a -33.13% change, with stock price falling to $0.61, ranging from $0.137 to $26.94 over the year [3] - The company is navigating challenging market conditions under CEO Ilya Bogdanov, emphasizing its trading and settlement platform [3] - Recently closed a $3 million financing round with the potential to raise an additional $2 million [3] Envoy Medical, Inc. (NASDAQ:COCH) - Stock price fell to $0.90, marking a -30.55% change, with a price range of $0.88 to $3.99 [4] - The company offers innovative medical technologies for hearing loss and is led by CEO Brent T. Lucas [4] - Announced a $2.5 million registered direct offering and a concurrent private placement for additional shares [4] Market Outlook - Despite significant price declines, these companies continue to pursue innovation and growth, with leadership committed to navigating market challenges [5]

Core Insights - Chijet Motor Company has appointed Jason Miller as Chief Operating Officer to lead the company's transition into the digital currency era, integrating major cryptocurrencies into its balance sheet [1][3] - The company aims to enhance financial resilience and optimize asset allocation while participating in the decentralized finance ecosystem, aligning with the growing institutional adoption of digital assets [1][2] Company Strategy - Chijet plans to establish a robust presence in digital asset custody and wallet solutions, capitalizing on institutional uptake and evolving regulatory frameworks [3] - The company has outlined a clear execution roadmap for its Digital Currency Treasury Strategy, which includes initial acquisitions of Bitcoin and Ethereum, launching a comprehensive treasury management framework, and exploring DeFi protocols [6] Leadership Background - Jason Miller brings over two decades of experience in blockchain and emerging technologies, with a history of scaling Web3 organizations and fostering innovation [2] - His expertise will be crucial for Chijet's integration into digital asset treasury management, focusing on secure custody, yield optimization, and risk mitigation [2]

Company Overview - Chijet Motor Company, Inc. is engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEV) [6] - The company has a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China dedicated to NEV production [6] - Chijet's management team consists of industry veterans with extensive experience in various fields including engineering, design, management, and financial management [6] Public Offering Details - Chijet announced a public offering of 13,560,000 shares of its Class A ordinary shares and warrants to purchase an equal number of shares at a combined price of $0.59 per share [1] - Each warrant will expire in five years, is immediately exercisable at an initial price of $0.59 per share, and can be exchanged for two Class A ordinary shares under a zero cash exercise option [2] - The net proceeds from the offering will be used for business acquisitions, corporate management, talent recruitment, and general working capital [3] Regulatory Information - A shelf registration statement for the ordinary shares was filed with the SEC on August 6, 2024, and was declared effective on August 16, 2024 [4] - The offering is being conducted through a written prospectus and prospectus supplement, which are available on the SEC's website [4]

Group 1 - The core viewpoint of the article highlights the performance of Qiji Automobile (CJET), which saw a stock price increase of 6.08% on August 25, reaching $1.57 per share with a total market capitalization of $51.05 million [1] - Financial data indicates that Qiji Automobile's total revenue for the year ending December 31, 2024, is projected to be $6.915 million, representing a year-on-year decrease of 27.08% [1] - The company reported a net loss attributable to shareholders of $46.895 million, which is an increase of 31.15% compared to the previous year [1] Group 2 - Qiji Automobile is identified as a high-tech enterprise engaged in the research, development, production, and sales of new energy vehicles (NEVs), including pure electric vehicles, plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles [1] - The company's mission is to produce market-leading, efficient emissions vehicles that benefit users and the environment [1]

Group 1 - The core viewpoint of the article highlights the performance and financial results of Qiji Automobile (CJET), which saw its stock price increase by 3.7% to $1.68 per share, with a total market capitalization of $54.579 million as of August 20 [1] - Financial data indicates that Qiji Automobile's total revenue for the year ending December 31, 2024, is projected to be $6.915 million, representing a year-on-year decrease of 27.08% [1] - The company reported a net loss attributable to shareholders of $46.895 million, which is an increase of 31.15% compared to the previous year [1] Group 2 - Qiji Automobile is identified as a high-tech enterprise engaged in the research, production, and sales of new energy vehicles (NEVs), including pure electric vehicles, plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles [1] - The company's mission is to produce market-leading, efficient emissions vehicles that benefit users and the environment [1]

Core Viewpoint - Qiji Automobile (CJET) experienced a significant stock price increase of 10.81% on August 18, closing at $1.64 per share, with a total market capitalization of $53.2795 million [1] Financial Performance - As of December 31, 2024, Qiji Automobile reported total revenue of $6.915 million, representing a year-over-year decrease of 27.08% [1] - The company recorded a net loss attributable to shareholders of $46.895 million, which is an increase of 31.15% compared to the previous year [1] Company Overview - Qiji Automobile is a high-tech enterprise engaged in the research, development, production, and sales of new energy vehicles (NEVs), including pure electric vehicles, plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles [1] - The company's mission is to produce market-leading, efficient emissions vehicles that benefit users and the environment [1]

资料显示，旗际汽车公司是一家从事新能源汽车(nev)研发、生产和销售的高科技企业,也称插电式电动 汽车,包括纯电动汽车、插电式混合动力汽车(PHEV)和燃料电池电动汽车。旗际汽车的使命是生产市场 领先的高效尾气排放汽车,造福用户和环境。 8月12日，旗际汽车(CJET)盘中上涨2.2%，截至23:55，报1.86美元/股，成交6375.0美元，总市值6042.68 万美元。 财务数据显示，截至2024年12月31日，旗际汽车收入总额691.5万美元，同比减少27.08%；归母净利 润-4689.5万美元，同比增长31.15%。 本文源自金融界 ...

Group 1 - The core viewpoint of the article highlights the recent stock performance of Qiji Automobile (CJET), which saw a 9.15% increase, reaching $1.79 per share, with a total market capitalization of $58.15 million [1] - Financial data indicates that as of December 31, 2024, Qiji Automobile's total revenue is projected to be $6.915 million, representing a year-on-year decrease of 27.08% [1] - The company's net profit attributable to shareholders is reported at -$46.895 million, showing a year-on-year increase of 31.15% [1] Group 2 - Qiji Automobile is identified as a high-tech enterprise engaged in the research, production, and sales of new energy vehicles (NEVs), including pure electric vehicles, plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles [1] - The mission of Qiji Automobile is to produce market-leading, efficient emission vehicles that benefit users and the environment [1]

Core Viewpoint - Qiji Automotive (CJET) has experienced a stock price increase of 2.44%, reaching $1.68 per share, with a total market capitalization of $54.579 million as of August 11 [1] Financial Performance - As of December 31, 2024, Qiji Automotive reported total revenue of $6.915 million, representing a year-over-year decrease of 27.08% [1] - The company recorded a net loss attributable to shareholders of $46.895 million, which is a year-over-year increase of 31.15% [1] Company Overview - Qiji Automotive is a high-tech enterprise engaged in the research, development, production, and sales of new energy vehicles (NEVs), including pure electric vehicles, plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles [1] - The company's mission is to produce market-leading, efficient emissions vehicles that benefit users and the environment [1]