NEW YORK, Sept. 03, 2025 — Chijet Motor Company, Inc. (NASDAQ: CJET) (referred to as “the Company” or “Chijet”), a high-tech company specializing in the development, manufacturing, sales, and servicing of both traditional fuel vehicles and new energy vehicles (“NEV”), today disclosed the pricing details of its previously announced public offering. This offering consists of a total of 13,560,000 Class A ordinary shares and warrants to purchase up to 13,560,000 Class A ordinary shares, offered at a combined price of $0.59 per share and its accompanying warrant.
Each warrant will have a five (5) year term from its issuance date and will become exercisable immediately upon issuance at an initial exercise price of $0.59 per share. This price is subject to potential adjustments on the First Reset Date and the Second Reset Date (as specified in the warrants), and also to a defined floor price. Furthermore, the warrants can be exercised via a zero-cash option, allowing the holder to exchange each warrant for two Class A ordinary shares.
Maxim Group LLC is serving as the exclusive placement agent for this offering.
Chijet Motor Company, Inc. plans to allocate the net proceeds from this offering toward the acquisition of new businesses, corporate management expenses, talent recruitment initiatives, and general working capital needs.
A shelf registration statement for the ordinary shares included in the public offering mentioned above was filed with the Securities and Exchange Commission (“SEC”) on August 6, 2024, and was declared effective by the SEC on August 16, 2024. The offering will be made exclusively through a written prospectus and prospectus supplement, which together constitute part of the registration statement. A preliminary prospectus supplement and its accompanying prospectus concerning this offering have been filed with the SEC and are accessible on the SEC’s website at . A final prospectus supplement and accompanying prospectus will be filed with the SEC subsequently. Once available, copies of the final prospectus supplement and the accompanying prospectus can also be obtained by contacting Maxim Group LLC at 300 Park Avenue, 16th Floor, New York, New York, by telephone at (212) 895-3745, or by email at .
This press release should not be construed as an offer to sell or a solicitation of an offer to purchase the securities being offered. Additionally, no sale of these securities will occur in any state or jurisdiction where such an offer, solicitation, or sale would be illegal prior to registration or qualification under the securities laws of that specific state or jurisdiction.
About Chijet Motor Company, Inc.
Chijet’s core business involves the development, manufacturing, sales, and servicing of both traditional fuel vehicles and NEVs. The Company leverages advanced manufacturing systems and robust supply chain management to deliver high-performance products to consumers at competitive prices. In addition to its large, modern vehicle production facility in Jilin, China, a new factory in Yantai, China, is under construction and will be dedicated to NEV production upon completion. Chijet benefits from a leadership team comprising seasoned industry professionals with decades of expertise spanning engineering and design, general management, financing, industrial production, and financial oversight. For more details about Chijet, please visit .
Forward-Looking Statements
This press release contains statements that qualify as “forward-looking statements” under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Actual results for Chijet may diverge from its current expectations, estimates, and projections; therefore, these forward-looking statements should not be regarded as definitive predictions of future events. Terms such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “might,” “continue,” and similar expressions are used to identify such statements. These forward-looking statements encompass, but are not limited to, discussions concerning Chijet’s leadership team, its anticipated ongoing growth, and its financial and operational enhancements, along with other risks detailed under the heading “Risk Factors” in the Company’s annual report on Form 20-F, filed with the Securities and Exchange Commission on May 15, 2025, and those present in any of Chijet’s subsequent SEC filings. These statements involve significant risks and uncertainties that could lead to actual outcomes differing substantially from those projected. The majority of these influencing factors are beyond Chijet’s control and are challenging to foresee. Should any of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, actual results could vary significantly from what has been indicated or anticipated by these forward-looking statements. Readers are cautioned against placing undue reliance on any forward-looking statements, which are valid only as of their stated date. Chijet is not obligated to update any forward-looking statements to reflect events or circumstances occurring after their publication date, except as mandated 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:
