Chijet Motor enters MOU for expanded private placement up to $1B

Chijet Motor (CJET) Company entered into a Memorandum of Understanding with certain institutional investors for an expanded private placement offering of up to $1 billion. This significant expansion from the Company’s previously announced $20M private placement on September 26, 2025, reflects robust institutional confidence in Chijet’s strategic transformation into the high-growth digital asset custody and storage market. The expanded private placement represents a 50-fold increase in committed capital, which will be utilized to fund the Company’s digital currency business initiatives, including the development of advanced infrastructure for secure digital asset custody and innovative storage solutions. This transformative pivot positions Chijet to capitalize on the rapidly growing demand for digital asset services.