Core Points - Chijet Motor Company successfully closed a private placement offering of units for gross proceeds of $300 million in cryptocurrency [1][2] - The offering included ordinary shares priced at $0.10 per share and three warrants per unit, each exercisable at $0.12 per share [2] - The proceeds will enhance Chijet's financial flexibility to develop its crypto custody infrastructure and pursue strategic acquisitions in the digital asset storage ecosystem [3] Company Overview - Chijet Motor Company focuses on the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEVs) [5] - The company operates a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai dedicated to NEV production [5] - Chijet's management team consists of industry veterans with extensive experience in various fields including engineering, design, and financial management [5]