Chijet Motor Company Successfully Closes $300 Million Cryptocurrency Private Placement
New York, NY, Oct. 27, 2025 – Chijet Motor Company, Inc. (NASDAQ: CJET), also referred to as “Chijet” or the “Company,” reported today that it has finalized a private placement of units, which included ordinary shares and warrants, raising total proceeds equivalent to $300 million in cryptocurrency.
This offering was extended to specific institutional investors located outside the U.S. Each unit sold consisted of one ordinary share, with a par value of $0.003, valued at the cryptocurrency equivalent of $0.10 per share according to market rates at the transaction time, along with three warrants. Each warrant allows the holder to acquire one ordinary share at a cryptocurrency equivalent exercise price of $0.12 per share. These warrants remain exercisable for three years from their issue date and can be exercised without cash payment under specific terms detailed in the offering documentation.
Ms. Melissa Chen, Chijet’s Chief Executive Officer, commented, “This substantial cryptocurrency investment demonstrates our investors’ robust confidence in Chijet’s strategic direction and operational strengths. The funds gained offer considerable financial agility, enabling us to enhance our secure crypto custody infrastructure and pursue strategic acquisitions within the fast-developing digital asset storage landscape.”
The cryptocurrency proceeds will be held securely, adhering to leading industry standards, to guarantee asset safeguarding and compliance with relevant regulations. This offering was executed under exemptions from the registration mandates of the Securities Act of 1933, as amended, specifically including Section 4(a)(2) and Regulation S.
It is important to note that this press release is not an offer to sell or a request for offers to buy these securities. Furthermore, no sale of these securities will occur in any state or jurisdiction where such an offer, solicitation, or sale would be illegal without prior registration or qualification under the securities laws of that state or jurisdiction.
About Chijet Motor Company, Inc.
Chijet’s main operations involve the development, production, sale, and servicing of both traditional fuel vehicles and New Energy Vehicles (NEVs). The Company utilizes advanced manufacturing systems and robust supply chain management, allowing it to offer high-performance products to consumers at competitive prices. Beyond its substantial modern vehicle production facility in Jilin, China, a plant in Yantai, China is planned to focus solely on NEV production once completed. Chijet boasts a leadership team composed of seasoned industry professionals, bringing decades of expertise in engineering and design, general management, fundraising, industrial manufacturing, and financial oversight. For more details about Chijet, please visit .
Forward-Looking Statements
This press release includes forward-looking statements, as defined by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and crafted in line with the ‘safe harbor’ stipulations of the Private Securities Litigation Reform Act of 1995. These statements, which articulate the Company’s expectations regarding its future financial and operational performance, utilize terms such as ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘target,’ ‘aim,’ ‘predict,’ ‘outlook,’ ‘seek,’ ‘goal,’ ‘objective,’ ‘assume,’ ‘contemplate,’ ‘continue,’ ‘positioned,’ ‘forecast,’ ‘likely,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately,’ and comparable phrases to indicate the uncertain nature of future occurrences or results. Such forward-looking statements stem from the Company’s current expectations, presumptions, and forecasts, encompassing assessments of future economic climates, competitive environments, market shifts, and business strategies, many of which are inherently difficult to foresee precisely and are largely outside the Company’s influence. Furthermore, these statements are susceptible to numerous identified and unidentified risks, uncertainties, and other factors that could cause the Company’s actual outcomes to differ substantially from those portrayed in any forward-looking statement. These elements include, but are not limited to, fluctuating economic circumstances, competitive pressures, and evolving regulatory frameworks. Given these and other risks, uncertainties, and assumptions, individuals should not place excessive reliance on these forward-looking statements. Moreover, these statements are valid only as of the date of this press release, and, unless legally mandated, the Company disclaims any responsibility to publicly amend or update any forward-looking statements for any reason.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email:
