CHIJET MOTOR COMPANY, INC. ANNOUNCES PRICING OF $8.0 MILLION PUBLIC OFFERING
Chijet Motor Company (NASDAQ: CJET), a manufacturer of traditional and new energy vehicles (NEV), has announced the pricing of its public offering at $0.59 per share. The offering consists of 13,560,000 Class A ordinary shares and warrants to purchase an equal number of shares, totaling approximately $8.0 million.
The warrants will have a 5-year expiration period and will be immediately exercisable at $0.59 per share, subject to reset adjustments. Notably, warrant holders can exercise a zero-cash option to exchange each warrant for two Class A ordinary shares. Maxim Group LLC serves as the sole placement agent, and the company plans to use proceeds for business acquisitions, corporate management, talent recruitment, and working capital.
Chijet Motor Company (NASDAQ: CJET), produttore di veicoli tradizionali e a nuova energia (NEV), ha comunicato il prezzo della sua offerta pubblica a $0,59 per azione. L'offerta comprende 13.560.000 azioni ordinarie di Classe A e warrant per acquistare un ugual numero di azioni, per un totale di circa $8,0 milioni.
I warrant avranno una scadenza di 5 anni e saranno immediatamente esercitabili a $0,59 per azione, soggetti ad eventuali adeguamenti di reset. I detentori di warrant potranno inoltre esercitare un'opzione senza esborso in contanti per convertire ogni warrant in due azioni ordinarie di Classe A. Maxim Group LLC 猫 l'unico placement agent; i proventi saranno impiegati per acquisizioni aziendali, gestione societaria, reclutamento di talenti e capitale circolante.
Chijet Motor Company (NASDAQ: CJET), fabricante de veh铆culos tradicionales y de nueva energ铆a (NEV), ha anunciado el precio de su oferta p煤blica en $0,59 por acci贸n. La oferta consta de 13.560.000 acciones ordinarias Clase A y warrants para comprar el mismo n煤mero de acciones, por un total aproximado de $8,0 millones.
Los warrants tendr谩n un plazo de vencimiento de 5 a帽os y ser谩n ejercitables de forma inmediata a $0,59 por acci贸n, sujetos a ajustes de reinicio. Adem谩s, los tenedores de warrants podr谩n ejercer una opci贸n sin desembolso en efectivo para cambiar cada warrant por dos acciones ordinarias Clase A. Maxim Group LLC act煤a como agente colocador exclusivo; la compa帽铆a destinar谩 los ingresos a adquisiciones comerciales, gesti贸n corporativa, contrataci贸n de personal y capital de trabajo.
Chijet Motor Company (NASDAQ: CJET)電� 鞝勴喌 鞛愲彊彀檧 鞁犾棎雱堨彀�(NEV) 鞝滌“鞐呾泊搿滌劀, 瓿惦臧�毳� 欤茧嫻 $0.59搿� 毂呾爼頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 鞚措矆 瓿惦電� 韥措灅鞀� A 氤错喌欤� 13,560,000欤�鞕� 霃欖澕 靾橂焿鞚� 欤检嫕鞚� 旆摑頃� 靾� 鞛堧姅 鞗岆煱韸鸽 甑劚霅橂┌, 齑� 攴滊電� 鞎� $8.0氚彪鞛呺媹雼�.
鞗岆煱韸胳潣 毵岅赴 旮瓣皠鞚� 5雲�鞚措┌, 毽厠 臁办爼鞚� 鞝侅毄鞚� 鞝勳牅搿� 欤茧嫻 $0.59鞐� 歃夓嫓 頄夓偓 臧�電ロ暕雼堧嫟. 霕愴暅 鞗岆煱韸� 氤挫湢鞛愲姅 順勱笀 歆�攵� 鞐嗢澊 臧� 鞗岆煱韸鸽ゼ 霊� 欤检潣 韥措灅鞀� A 氤错喌欤茧 甑愴櫂頃橂姅 鞓奠厴鞚� 頄夓偓頃� 靾� 鞛堨姷雼堧嫟. Maxim Group LLC臧� 雼弲 氚办箻 鞐愳澊鞝勴姼搿� 彀胳棳頃橂┌, 須岇偓電� 臁半嫭 鞛愱笀鞚� 靷梾 鞚胳垬, 旮办梾 鞖挫榿, 鞚胳灛 毂勳毄 氚� 鞖挫爠鞛愲掣鞐� 靷毄頃� 瓿勴殟鞛呺媹雼�.
Chijet Motor Company (NASDAQ: CJET), constructeur de v茅hicules traditionnels et de v茅hicules 脿 nouvelle 茅nergie (NEV), a annonc茅 la tarification de son offre publique 脿 0,59 $ par action. L'offre comprend 13 560 000 actions ordinaires de classe A et des bons de souscription (warrants) permettant d'acheter un nombre 茅gal d'actions, pour un montant total d'environ 8,0 millions $.
Les warrants auront une dur茅e de 5 ans et seront imm茅diatement exer莽ables 脿 0,59 $ par action, sous r茅serve d'ajustements de reset. Les d茅tenteurs de warrants pourront 茅galement exercer une option sans d茅caissement pour 茅changer chaque warrant contre deux actions ordinaires de classe A. Maxim Group LLC agit comme agent de placement unique; la soci茅t茅 pr茅voit d'utiliser les fonds pour des acquisitions commerciales, la gestion d'entreprise, le recrutement de talents et le fonds de roulement.
Chijet Motor Company (NASDAQ: CJET), ein Hersteller konventioneller Fahrzeuge und New-Energy-Fahrzeuge (NEV), hat den Preis seines 枚ffentlichen Angebots auf $0,59 pro Aktie festgelegt. Das Angebot umfasst 13.560.000 Stammaktien der Klasse A sowie Warrants zum Erwerb derselben Anzahl an Aktien, insgesamt rund $8,0 Millionen.
Die Warrants haben eine Laufzeit von 5 Jahren und sind sofort aus眉bbar zu $0,59 pro Aktie, vorbehaltlich etwaiger Reset-Anpassungen. Warrant-Inhaber k枚nnen ferner eine barfreie Option aus眉ben, bei der jedes Warrant in zwei Klasse-A-Aktien getauscht wird. Maxim Group LLC fungiert als alleiniger Platzierungsagent; die Erl枚se sollen f眉r Unternehmensakquisitionen, das Management, Talentgewinnung und das Betriebskapital verwendet werden.
- Warrants include favorable zero-cash exercise option allowing exchange for two Class A ordinary shares
- Proceeds will support strategic acquisitions and business expansion
- Shelf registration statement already effective with SEC
- Significant dilution potential from 13.56M shares and additional warrants
- Low offering price of $0.59 per share indicates weak market position
- Warrant reset provisions could lead to additional price pressure
Insights
Chijet is raising $8M through a dilutive offering priced significantly below market, signaling potential financial stress despite expansion plans.
Chijet Motor's
This financing structure suggests Chijet may be struggling to attract investment on favorable terms. The warrant reset provisions and zero-cash exercise option are aggressive sweeteners typically offered when companies face challenges raising capital through traditional means. The immediate exercisability further indicates urgency in the capital raising process.
The stated use of proceeds spans several areas including acquisitions, corporate management, recruitment, and working capital - a broad allocation that lacks specific strategic focus. This generalized approach to capital deployment raises questions about the company's immediate priorities and financial planning.
For context, Chijet operates in the highly competitive automotive sector with dual exposure to both traditional fuel vehicles and the capital-intensive NEV (New Energy Vehicle) market. This
NEW YORK, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (the 鈥淐ompany鈥� or 鈥淐hijet鈥�), a high-tech enterprise engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (鈥淣EV鈥�), today announced the pricing of its previously announced public offering of an aggregate of 13,560,000 shares of its Class A ordinary shares, and warrants to purchase up to 13,560,000 Class A ordinary shares, at a combined public offering price of
Each warrant will expire five (5) years from the issuance, will be immediately exercisable upon issuance at an initial exercise price of
Maxim Group LLC is acting as the sole placement agent for the offering.
Chijet Motor Company, Inc. intends to use the net proceeds of this offering for acquisition of new businesses, corporate management, talent recruitment and general working capital purposes.
A shelf registration statement relating to ordinary shares offered in the public offering described above was filed with the Securities and Exchange Commission (鈥淪EC鈥�) on August 6, 2024, and declared effective by the SEC on August 16, 2024. The offering is being made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement and accompanying prospectus relating to the offering has been filed with the SEC and is available on the SEC鈥檚 website at . A final prospectus supplement and accompanying prospectus will be filed with the SEC. When available, copies of the final prospectus supplement and the accompanying prospectus may also be obtained by contacting Maxim Group LLC at 300 Park Avenue, 16th Floor, New York, New York, telephone (212) 895-3745 or by email at .
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities being offered, nor shall there be any sale of the securities being offered in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Chijet Motor Company, Inc.
The primary business of Chijet is the development, manufacture, sales, and service of traditional fuel vehicles and NEVs. State-of-the-art manufacturing systems and stable supply chain management enable the Company to provide consumers with products of high performance at reasonable prices. In addition to its large modern vehicle production base in Jilin, China, a factory in Yantai, China will be dedicated to NEV production upon completion of its construction. Chijet has a management team of industry veterans with decades of experience in engineering and design, management, financing, industrial production, and financial management. For additional information about Chijet, please visit .
Forward-Looking Statements
This press release contains 鈥渇orward-looking statements鈥� within the meaning of the 鈥渟afe harbor鈥� provisions of the Private Securities Litigation Reform Act of 1995. Chijet鈥檚 actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as 鈥渆xpect,鈥� 鈥渆stimate,鈥� 鈥減roject,鈥� 鈥渂udget,鈥� 鈥渇orecast,鈥� 鈥渁nticipate,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渃ould,鈥� 鈥渟hould,鈥� 鈥渂elieve,鈥� 鈥減redict,鈥� 鈥減otential,鈥� 鈥渕ight鈥� and 鈥渃ontinue,鈥� and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding Chijet鈥檚 leadership team, Chijet鈥檚 continued growth and financial and operational improvements, along with those other risks described under the heading 鈥淩isk Factors鈥� in the Company鈥檚 annual report on Form 20-F filed with the Securities and Exchange Commission on May 15, 2025, and those that are included in any of Chijet鈥檚 future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Chijet and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Chijet undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Chijet Contact:
2888 Donshan Street
Gaoxin Automobile Industrial Park
Jilin City, JL. P.R.China
0535-2766202
EMAIL:
Investor Relations Contact:
2888 Donshan Street
Gaoxin Automobile Industrial Park
Jilin City, JL. P.R.China
0535-2766202
EMAIL:
FAQ
What is the size and price of Chijet Motor Company's (CJET) public offering in September 2025?
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When does CJET's 2025 public offering warrant expire?
