Chijet Motor Company, Inc. Announces Pricing of $11.0 Million Registered Direct Offering

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].