NEW YORK, Nov. 24, 2025 – CHIJET MOTOR COMPANY, INC. (NASDAQ: CJET) (referred to as the “Company”) disclosed today that it has finalized securities purchase agreements with specific investors. These agreements are for the acquisition and sale of a total of 8,461,530 class A ordinary shares of the Company (or pre-funded warrants if applicable), priced at $1.30 per share, as part of a registered direct offering.
The Company anticipates receiving gross proceeds totaling approximately $11.0 million from this offering.
This transaction is projected to conclude around November 25, 2025, provided that standard closing conditions are met.
Maxim Group LLC serves as the exclusive placement agent for this offering.
This registered direct offering is proceeding under the Company’s registration statement on Form F-3 (File No. 333-281314), which was previously submitted to the U.S. Securities and Exchange Commission (“SEC”) and became effective on August 16, 2024. The Company will file a prospectus supplement concerning these securities with the SEC. Information filed with the SEC is accessible online via the SEC’s website located at . Once available, digital copies of the final prospectus supplement and the accompanying prospectus can be requested from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, by calling (212) 895-3745.
This press release should not be interpreted as an offer to sell or a request for offers to buy, nor will these securities be sold in any area where such an offer, solicitation, or sale would be illegal without prior registration or qualification under local securities regulations. The Company will file copies of the prospectus supplement for the registered direct offering and its base prospectus, which will be available on the SEC’s website at once filed.
About CHIJET MOTOR COMPANY, INC.
The Company’s core operations involve the development, production, sale, and servicing of both conventional fuel and new energy vehicles. Through advanced manufacturing systems and robust supply chain management, the Company delivers high-performance products at competitive prices to consumers. Beyond its substantial, modern vehicle manufacturing facility in Jilin, China, a new plant in Yantai, China is set to focus exclusively on new energy vehicle production once completed. The Company’s leadership comprises seasoned industry professionals with extensive experience across engineering, design, management, financing, industrial production, and financial oversight. Further details about the Company can be found at .
Forward-Looking Statements
This press release contains certain statements considered forward-looking. Such statements inherently carry known and unknown risks and uncertainties, relying on present expectations and future event projections, as well as financial trends that the Company believes could influence its financial health, operational outcomes, business strategy, and funding requirements. Investors can identify these forward-looking statements by terms like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or similar phrasing. The Company is not obligated to revise these forward-looking statements to account for subsequent events, evolving circumstances, or shifts in its expectations, unless legally mandated. While the Company considers the expectations conveyed in these forward-looking statements to be reasonable, there is no guarantee that they will materialize as predicted. The Company advises investors that actual results might significantly diverge from those projected and urges them to examine additional factors that could impact its future performance, as detailed in the Company’s registration statement and other submissions to the U.S. Securities and Exchange Commission.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email:
