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Chijet Motor Company ( (CJET) ) has shared an announcement.
On September 2, 2025, Chijet Motor Company, Inc. announced the pricing of an $8.0 million public offering involving 13,560,000 Class A ordinary shares and warrants to purchase an equal number of shares at a price of $0.59 per share. The offering, expected to close on or about September 4, 2025, aims to raise funds for potential business acquisitions, corporate management, talent recruitment, and general working capital. The warrants, which are immediately exercisable and expire in five years, include price reset provisions and a zero cash exercise option, potentially increasing the number of shares issued. Maxim Group LLC is the sole placement agent for this offering.
Spark’s Take on CJET Stock
According to Spark, TipRanks’ AI Analyst, CJET is a Underperform.
Chijet Motor Company is facing severe financial and operational challenges, with negative profitability, high leverage, and liquidity issues. The bearish technical indicators and negative market reaction to earnings results further exacerbate the risks. The company’s low valuation metrics reflect its unprofitability and lack of dividend appeal, contributing to an overall weak stock score.
To see Spark’s full report on CJET stock, click here.
More about Chijet Motor Company
Chijet Motor Company, Inc. is a high-tech enterprise engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEVs). The company boasts state-of-the-art manufacturing systems and a stable supply chain, offering high-performance products at reasonable prices. It has a large vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to NEV production. The management team comprises industry veterans with extensive experience in engineering, design, management, financing, industrial production, and financial management.
Average Trading Volume: 850,267
Technical Sentiment Signal: Strong Sell
Current Market Cap: $18.22M
Learn more about CJET stock on TipRanks’ Stock Analysis page.