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Chijet Motor Company Inc. Announces Official Name Change to “Digital Currency X Technology Inc.” and New Ticker Symbol “DCX” Effective December 10, 2025
Globenewswire· 2025-12-09 13:00
Company Overview - CHIJET MOTOR COMPANY, INC. will change its name to Digital Currency X Technology Inc. and its ticker symbol to DCX, effective December 10, 2025 [1] - The company specializes in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEVs) [2] - The company operates a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to NEV production [2] - The management team consists of industry veterans with extensive experience in engineering, design, management, financing, industrial production, and financial management [2] Trading Information - Historical trading data for the company's shares may not be available under the new name and ticker symbol immediately after the change [2]
Chijet Motor Announces Digital Asset Treasury Holdings Have Surpassed $400 Million
Globenewswire· 2025-11-26 12:18
Core Insights - Chijet Motor Company has announced that its digital asset treasury holdings have exceeded $400 million, marking a significant milestone in its diversification strategy [1][2] - The company has acquired 100 million tokens as part of its strategic digital asset initiative, which aims to enhance business diversification and participate in blockchain ecosystem growth [1][2] Company Overview - Chijet is engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles, supported by advanced manufacturing systems and stable supply chain management [3] - The company operates a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to new energy vehicle production [3] - Chijet's management team consists of industry veterans with extensive experience in engineering, design, management, financing, industrial production, and financial management [3]
Chijet Motor Company, Inc. Announces Pricing of $11.0 Million Registered Direct Offering
Globenewswire· 2025-11-24 20:00
Core Viewpoint - CHIJET MOTOR COMPANY, INC. has announced a registered direct offering of 8,461,530 class A ordinary shares at a price of $1.30 per share, expecting gross proceeds of approximately $11.0 million [1][2]. Group 1: Offering Details - The transaction is expected to close on or about November 25, 2025, pending customary closing conditions [2]. - Maxim Group LLC is acting as the sole placement agent for this offering [2]. - The offering is made under the Company's registration statement on Form F-3, which was declared effective by the SEC on August 16, 2024 [3]. Group 2: Company Overview - CHIJET MOTOR COMPANY focuses on the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles [5]. - The company has a modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to new energy vehicle production [5]. - The management team consists of industry veterans with extensive experience in various fields including engineering, design, management, and financial management [5].
Morning Market Movers: CLSD, CJET, TWNP, JXG See Big Swings
RTTNews· 2025-11-24 13:02
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Chijet Motor Company, Inc. (CJET) is up 40% at $2.67 - JX Luxventure Group Inc. (JXG) is up 19% at $4.12 - Inspire Medical Systems, Inc. (INSP) is up 15% at $103.50 - Epsium Enterprise Limited (EPSM) is up 15% at $4.14 - Oscar Health, Inc. (OSCR) is up 12% at $15.13 - Green Dot Corporation (GDOT) is up 11% at $13.21 - Butterfly Network, Inc. (BFLY) is up 6% at $2.82 - Cullinan Therapeutics, Inc. (CGEM) is up 5% at $10.00 - Vir Biotechnology, Inc. (VIR) is up 5% at $5.99 - Nvni Group Limited (NVNI) is up 5% at $3.17 [3] Premarket Losers - Clearside Biomedical, Inc. (CLSD) is down 69% at $0.82 - Twin Hospitality Group Inc. (TWNP) is down 20% at $2.84 - Shuttle Pharmaceuticals Holdings, Inc. (SHPH) is down 15% at $1.35 - Mobile-Network Solutions (MNDR) is down 12% at $4.16 - Waldencast plc (WALD) is down 10% at $2.75 - authID Inc. (AUID) is down 9% at $1.21 - EZGO Technologies Ltd. (EZGO) is down 6% at $1.98 - SciSparc Ltd. (SPRC) is down 5% at $2.34 - Twin Vee Powercats Co. (VEEE) is down 5% at $1.70 - Agape ATP Corporation (ATPC) is down 5% at $1.22 [4]
Chijet Motor Company Enters Strategic Partnership with EdgeAI Frontier Technology Ltd. to Acquire Up to $1 Billion in EdgeAI Tokens at a 20% Discount
Globenewswire· 2025-11-24 12:18
Core Viewpoint - Chijet Motor Company has signed a definitive agreement to acquire up to $1 billion in EdgeAI tokens at a 20% discount, enhancing its position in the digital asset space and providing immediate economic benefits [1][5]. Group 1: Agreement Details - The agreement is expected to generate approximately $200 million in upfront value for Chijet compared to current market rates [2]. - Chijet will act as a validator node on the EdgeAI blockchain network, allowing the company to earn staking rewards and generate recurring revenue [3]. - The partnership has an initial term of five years, with all activities conducted in compliance with internal governance policies and regulatory requirements [4]. Group 2: Strategic Implications - The acquisition of digital assets is seen as a way to diversify Chijet's portfolio and bridge traditional manufacturing with the digital economy [5]. - EdgeAI will serve as the primary advisor on digital assets, providing expertise in token acquisition strategies and treasury management [2]. Group 3: Company Background - Chijet specializes in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles, with a focus on high performance and reasonable pricing [7]. - The company has a modern vehicle production base in Jilin, China, and is constructing a factory in Yantai dedicated to new energy vehicle production [7].
Chijet Motor Company, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2025-11-18 12:00
Core Points - CHIJET MOTOR COMPANY, INC. has regained compliance with Nasdaq's minimum bid price requirement after its ordinary shares closed at or above US$1.00 for 10 consecutive business days from November 3 to November 14, 2025 [1][3] - The company was previously notified on October 15, 2025, that it had failed to maintain the minimum bid price of US$1.00 over the prior 30 consecutive business days [2] Company Overview - CHIJET MOTOR COMPANY, INC. focuses on the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles, supported by advanced manufacturing systems and stable supply chain management [4] - The company operates a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to new energy vehicle production [4] - The management team consists of industry veterans with extensive experience in engineering, design, management, financing, industrial production, and financial management [4]
CJET Expands Strategic Focus into Edge Intelligence through Alignment with EdgeAI
Globenewswire· 2025-11-17 12:15
Core Insights - CJET is expanding its strategic focus into edge intelligence by aligning with EdgeAI, marking a significant step in integrating AI with real-world infrastructure across its automotive and industrial sectors [2][5] - The initiative aims to enhance smart mobility and intelligent manufacturing by leveraging edge computing and on-device intelligence, which will transform the operation and communication of vehicles, sensors, and industrial systems [3][4] Group 1 - The collaboration with EdgeAI emphasizes CJET's commitment to advancing intelligent infrastructure and next-generation mobility systems by merging manufacturing expertise with emerging AI technologies [5] - Edge intelligence is viewed as the next evolution of automation, shifting the focus from centralized AI to distributed intelligence that operates directly within vehicles, factories, and infrastructure [4] - EdgeAI's decentralized intelligence layer allows AI models to learn and infer at the edge, improving local data processing, reducing latency, and enhancing data security [4][7] Group 2 - CJET is a global automotive technology enterprise focused on smart mobility, intelligent manufacturing, and clean-energy innovation, integrating vehicle production with advanced computing and automation technologies [6] - EdgeAI specializes in building a decentralized intelligence layer that enables AI to operate and learn where data is generated, utilizing edge computing and real-time inference [7]
Chijet Motor Company Inc. Announces Updates to Official Name Change and New Ticker Symbol
Globenewswire· 2025-11-14 11:00
Group 1 - The Company announced that its Class A ordinary shares will begin trading under the new name "Digital Currency X Technology Inc." and the new ticker symbol "DCX" on the Nasdaq Capital Market, effective November 14, 2025, although there will be a delay in the official name change due to regulatory procedures [1] - The Company specializes in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles, supported by advanced manufacturing systems and stable supply chain management [2] - The Company has a significant production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to new energy vehicle production [2] Group 2 - The management team of the Company consists of industry veterans with extensive experience in various fields including engineering, design, management, financing, industrial production, and financial management [2]
Chijet Motor Company Inc. Announces Official Name Change to “Digital Currency X Technology Inc.” and New Ticker Symbol “DCX” Effective November 14, 2025
Globenewswire· 2025-11-13 19:32
Company Overview - CHIJET MOTOR COMPANY, INC. will change its name to "Digital Currency X Technology Inc." and its ticker symbol to "DCX" effective November 14, 2025 [1] - The company specializes in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles, with a focus on high performance at reasonable prices [3] - The company operates a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China dedicated to new energy vehicle production [3] Corporate Actions - The name change and ticker symbol change were approved by shareholders on September 24, 2025, and are subject to the approval of the Cayman Registrar [1] - A one hundred (100)-for-one (1) share consolidation of the company's issued and unissued ordinary shares will also take place [1] - Current securityholders do not need to take any action regarding the name and ticker symbol change, and the CUSIP number will remain unchanged [2]
Morning Market Movers: DENN, SRPT, JELD, ICHR See Big Swings
RTTNews· 2025-11-04 12:42
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Denny's Corporation (DENN) is up 49% at $6.16 [3] - Cambium Networks Corporation (CMBM) is up 25% at $2.55 [3] - Tactile Systems Technology, Inc. (TCMD) is up 22% at $19.35 [3] - Upwork Inc. (UPWK) is up 19% at $18.60 [3] - Kforce Inc. (KFRC) is up 12% at $27.50 [3] - Super Group (SGHC) Limited (SGHC) is up 12% at $11.91 [3] - Innovex International, Inc. (INVX) is up 10% at $22.62 [3] - Sanmina Corporation (SANM) is up 9% at $154.03 [3] - Exact Sciences Corporation (EXAS) is up 8% at $72.69 [3] - OTG Acquisition Corp. I Class A Ordinary Share (OTGA) is up 7% at $10.77 [3] Premarket Losers - Sarepta Therapeutics, Inc. (SRPT) is down 40% at $14.44 [4] - JELD-WEN Holding, Inc. (JELD) is down 32% at $2.81 [4] - Ichor Holdings, Ltd. (ICHR) is down 29% at $16.05 [4] - Insperity, Inc. (NSP) is down 27% at $32.50 [4] - Prelude Therapeutics Incorporated (PRLD) is down 22% at $3.08 [4] - Forward Industries, Inc. (FORD) is down 20% at $11.11 [4] - Navitas Semiconductor Corporation (NVTS) is down 18% at $10.03 [4] - Diginex Limited (DGNX) is down 17% at $19.51 [4] - Atlas Energy Solutions Inc. (AESI) is down 16% at $10.58 [4] - Chijet Motor Company, Inc. (CJET) is down 15% at $3.24 [4]