New York, Nov. 26, 2025 (GLOBE NEWSWIRE) -- CHIJET MOTOR COMPANY, INC. (NASDAQ: CJET) (“Chijet” or the “Company”), a global automotive technology enterprise, today announced that its digital asset treasury holdings have surpassed $400 million in value. The Company has acquired 100 million tokens as part of its strategic digital asset initiative announced earlier this month, with current holdings valued at over $400 million. “Reaching $400 million in digital asset treasury value represents an important miles ...

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].

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].

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]

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]

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]

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].

Core Insights - Chijet Motor Company has entered into an exclusive technology cooperation framework agreement with Tagvance Pte. Ltd. to advance autonomous driving technology for both passenger and commercial vehicles [1][2] - The partnership grants Chijet exclusive global rights to integrate and commercialize Tagvance's autonomous driving technology, with both companies co-owning any jointly developed intellectual property [2][4] - The collaboration will involve participation in government-supported autonomous driving pilot programs in Singapore and China, ensuring compliance with relevant regulations [3][4] Company Overview - Chijet Motor Company focuses on the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEVs), supported by advanced manufacturing systems and supply chain management [5] - The company has a significant 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]

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]

Core Points - Chijet Motor Company, Inc. has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its Class A ordinary shares have been below $1.00 for 30 consecutive business days [1] - The company has a compliance period of 180 calendar days, until April 13, 2026, to regain compliance with the minimum bid price requirement [1] - If the closing bid price reaches at least $1.00 for 10 consecutive business days during the compliance period, Nasdaq will confirm compliance [1] - The company is considering options such as a reverse stock split to regain compliance if necessary [2] Company Overview - Chijet's primary business involves the development, manufacture, sales, and service of 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 various fields including engineering, design, management, and financial management [3]