Chijet Motor Secures $15M in Share Sale, Fueling Growth
Chijet Motor (NASDAQ:CJET) has agreed to a significant share purchase, selling 100 million Class A ordinary shares at $0.15 each. This deal, facilitated by Univest Securities, is set to close by October 2, 2025.
The transaction, a registered direct offering, is expected to bring in approximately $15 million for Chijet Motor. This is the latest in a series of strategic moves by the company, following previous announcements about its growth and expansion.
The successful closure of this deal will provide Chijet Motor with a substantial boost in capital, positioning the company for further growth and development in the market.
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