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Chijet Motor Company ( (CJET) ) has issued an announcement.
On October 11, 2024, Chijet Motor Company, Inc., was served with four lawsuits in the United States, claiming violations of agreements related to its SPAC transaction. The plaintiffs are seeking $6,360,000 in damages and the registration for resale of 1,757,000 ordinary shares. The company plans to defend against these claims, with a response due by February 20, 2025.
More about Chijet Motor Company
Chijet Motor Company, Inc. operates in the automotive industry, focusing on the development and production of motor vehicles. Based in Yantai, Shandong, China, the company engages in various transactions and agreements related to its operations.
YTD Price Performance: -23.35%
Average Trading Volume: 19,966
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.32M
See more insights into CJET stock on TipRanks’ Stock Analysis page.