24/7 Market News Snapshot 01 October, 2025 – Chijet Motor Company, Inc. Ordinary Shares (NASDAQ:CJET)

October 1, 2025

DENVER, Colo., 01 October, 2025 (www.247marketnews.com) – (NASDAQ:CJET) are discussed in this article.
Chijet Motor Company, Inc. (NASDAQ:CJET) is currently experiencing a significant surge in the market, capturing heightened investor interest as shares opened at $0.454 and witnessed a notable increase, now trading at $0.211—reflecting a 30.17% rise from the previous close of $0.162. This spike comes alongside a remarkable trading volume of 924.06 million shares, suggesting strong market momentum and potential bullish opportunities for investors.

In a significant strategic move, Chijet has announced a definitive agreement with select investors for the sale of 100,000,000 shares of its Class A ordinary stock at a price of $0.15 per share, aiming to raise approximately $15 million in gross proceeds. This registered direct offering is anticipated to close around October 2, 2025, subject to standard closing conditions, with Univest Securities, LLC serving as the sole placement agent. The company’s approach utilizes a previously filed shelf registration statement with the U.S. Securities and Exchange Commission, ensuring transparency and regulatory compliance.

Chijet is strategically positioned in the automotive sector, focusing on the manufacturing of traditional fuel vehicles alongside new energy vehicles (NEVs). With advanced manufacturing capabilities and a solid supply chain, the company is well-equipped to deliver high-performance vehicles competitively. Its production base is already operational, and plans for a dedicated NEV factory are nearing completion, further underscoring its commitment to innovation in a rapidly evolving market.

The leadership team at Chijet brings a wealth of experience across diverse domains, including engineering, management, and finance, positioning the company to capitalize on growth opportunities effectively. As Chijet moves forward with its expansion plans and capital-raising initiatives, stakeholders are encouraged to stay informed through SEC filings to monitor developments in this promising new chapter.

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