Core Viewpoint - Chijet Motor Company, Inc. will implement a 100-for-1 share consolidation of its ordinary shares effective November 3, 2025, which aims to increase the market price per share [1][5]. Share Consolidation Details - The shareholders approved the share consolidation at the annual general meeting on September 24, 2025, allowing for the consolidation of class A and class B ordinary shares [2]. - The consolidation will convert every 100 class A ordinary shares with a par value of US$0.003 into one class A ordinary share with a par value of US$0.3, and similarly for class B shares [2]. - The exact consolidation ratio will be determined by the board of directors within the approved range [2]. Trading and Administrative Aspects - The class A ordinary shares will begin trading on a consolidation-adjusted basis on the Nasdaq Capital Market starting November 3, 2025, with a new CUSIP number assigned [3]. - The share consolidation will affect all issued and outstanding ordinary shares uniformly, and no action is required from shareholders holding shares in book-entry form or through brokers [4][6]. Company Overview - Chijet Motor Company focuses on the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEVs) [7]. - The company operates a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to NEV production [7]. - The management team comprises industry veterans with extensive experience in various fields including engineering, design, and financial management [7].

New York, NY, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (“Chijet” or the “Company”) today announced the execution of an exclusive technology cooperation framework agreement with Tagvance Pte. Ltd., a Singapore-based innovator in autonomous driving technology backed by government-related investment entities. This landmark collaboration establishes an exclusive strategic alliance in the autonomous driving domain for passenger and commercial vehicles, as well as intelligent mo ...

New York, NY, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (“Chijet” or the “Company”) today announced the successful closing of a private placement offering of units, consisting of ordinary shares and warrants, for gross proceeds equivalent to $300 million in cryptocurrency. The offering was conducted with select non-U.S. institutional investors. Each unit comprises one ordinary share (par value $0.003) priced at the equivalent of $0.10 per share in cryptocurrency, based on p ...

New York, Oct. 20, 2025 (GLOBE NEWSWIRE) -- CHIJET MOTOR COMPANY, INC. (NASDAQ: CJET) (“Chijet” or the “Company”) today announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) because the closing bid price of the Company’s Class A ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is ...

New York, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (“Chijet” or the “Company”) today announced the closing of its previously announced private placement offering of units consisting of ordinary shares and warrants for gross proceeds of $20.0 million. The offering was conducted with certain non-U.S. institutional investors. Each unit consists of one ordinary share (par value $0.003) at the offering price of $0.15 per share and three warrants, with each warrant exercisable t ...

Core Viewpoint - Univest Securities has successfully closed a $15 million registered direct offering for Chijet Motor Company, focusing on electric vehicle performance and traditional fuel vehicles [1][3]. Group 1: Offering Details - Chijet Motor Company will sell 100,000,000 Class A ordinary shares at a price of $0.15 per share, with the option for pre-funded warrants [2]. - The gross proceeds from the offering amount to approximately $15 million [3]. - The offering was conducted under a shelf registration statement declared effective by the SEC on August 16, 2024 [4]. Group 2: Company Overview - Chijet Motor Company specializes in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEVs) [7]. - The company operates a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to NEV production [7]. - Chijet's management team consists of industry veterans with extensive experience in various fields including engineering, design, and financial management [7]. Group 3: Univest Securities Overview - Univest Securities, established in 1994, provides a range of financial services including investment banking and advisory [6]. - The firm has raised over $1.5 billion in capital for issuers globally since 2019 and has completed around 100 transactions across various industries [6].

NEW YORK, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (the “Company”), today announced that it has entered into a definitive agreement with certain investors for the purchase and sale of an aggregate of 100,000,000 of the Company’s Class A ordinary share, par value $0.003 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.15 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the pu ...

Core Insights - Chijet Motor Company has entered into a Memorandum of Understanding with institutional investors for an expanded private placement offering of up to $1 billion, significantly increasing from the previously announced $20 million offering [1][2] - The 50-fold increase in committed capital will be utilized to fund Chijet's digital currency business initiatives, focusing on secure digital asset custody and innovative storage solutions [2] - The CEO of Chijet stated that this expansion validates the company's strategic vision and provides financial flexibility for developing crypto custody infrastructure and pursuing strategic acquisitions in the digital asset storage ecosystem [3] Company Overview - Chijet Motor Company primarily develops, manufactures, sells, and services traditional fuel vehicles and new energy vehicles (NEVs) [3] - The company has a modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to NEV production [3] - Chijet's management team consists of industry veterans with extensive experience in engineering, design, management, financing, industrial production, and financial management [3]

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 - 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]