Research analysts covering CJET.
Recent press releases and 8-K filings for CJET.
Digital Currency X Technology Inc. Schedules EGM to Vote on Share Capital Increase and Consolidation
CJET
Proxy Vote Outcomes
- Digital Currency X Technology Inc. will hold an Extraordinary General Meeting (EGM) on December 22, 2025, for shareholders of record as of December 5, 2025.
- Shareholders will vote on a proposal to increase the company's authorized share capital from US$30,000,000.00 (100,000,000 shares) to US$3,000,000,000.00 (10,000,000,000 shares), which involves creating additional 9,882,180,000 Class A Ordinary Shares and 17,820,000 Class B Ordinary Shares.
- Another key proposal authorizes the Board to implement one or more share consolidation(s) of Ordinary Shares, with an accumulative consolidation ratio not exceeding 3000:1, within two years of the EGM date.
- The Board unanimously recommends that shareholders vote "FOR" all proposals, including the share capital increase, share consolidation(s), and the amendment of the company's memorandum and articles of association.
Dec 11, 2025, 8:40 PM
Chijet Motor Company, Inc. Closes $11.0 Million Registered Direct Offering
CJET
- Chijet Motor Company, Inc. completed a registered direct offering on November 25, 2025, raising approximately $11.0 million in gross proceeds.
- The offering included the sale of 1,311,855 Class A ordinary shares at US$1.30 per share and pre-funded warrants to purchase up to 7,149,675 Class A Ordinary Shares at US$1.299 each.
- The company will pay Maxim Group LLC, the sole placement agent, a 7.0% cash fee of the gross proceeds and issue warrants to purchase up to 423,077 Class A Ordinary Shares.
- Officers, directors, and shareholders holding 10% or more of Class A Ordinary Shares entered into 45-day lock-up agreements following the closing of the offering.
Nov 26, 2025, 6:05 PM
Chijet Motor Company, Inc. Announces Pricing of Registered Direct Offering
CJET
- Chijet Motor Company, Inc. (CJET) announced the pricing of a registered direct offering.
- The offering involves the purchase and sale of an aggregate of 8,461,530 Class A ordinary shares (or pre-funded warrants in lieu thereof) at a purchase price of $1.30 per share.
- The aggregate gross proceeds to the Company from this offering are expected to be approximately $11.0 million.
- The transaction is anticipated to close on or about November 25, 2025, subject to customary closing conditions.
Nov 24, 2025, 9:30 PM
Chijet Motor Company Regains Nasdaq Minimum Bid Price Compliance
CJET
Delisting/Listing Issues
- Chijet Motor Company, Inc. (CJET) announced on November 18, 2025, that it has regained compliance with the Nasdaq Minimum Bid Price Requirement.
- The company received a notification from Nasdaq on November 17, 2025, confirming that its ordinary shares maintained a closing bid price of US$1.00 or greater for 10 consecutive business days, from November 3, 2025, to November 14, 2025.
- This action closes the previously announced non-compliance issue from October 15, 2025.
Nov 18, 2025, 12:05 PM
Chijet Motor Company Announces Share Consolidation
CJET
Delisting/Listing Issues
Proxy Vote Outcomes
- Chijet Motor Company, Inc. (CJET) announced a one hundred (100)-for-one (1) share consolidation of its issued and unissued ordinary shares, effective November 3, 2025.
- The share consolidation was approved by shareholders on September 24, 2025, and is anticipated to increase the market price per share of the Company's class A ordinary shares.
- A new CUSIP number, G4465R 129, has been assigned, and shareholders are not required to take any action as their positions will be automatically adjusted.
- Shareholders also approved a potential name change to "Digital Currency X Technology Inc." and amendments to the company's articles of association, conditional on the effectiveness of the share consolidation and name change.
Oct 29, 2025, 4:20 PM
Chijet Announces Nasdaq Minimum Bid Price Non-Compliance
CJET
Delisting/Listing Issues
- Chijet Motor Company, Inc. (CJET) announced on October 20, 2025, that it received a Nasdaq notification for non-compliance with the minimum bid price requirement, as its Class A ordinary shares traded below $1.00 for 30 consecutive business days.
- The company has a 180-calendar-day compliance period, until April 13, 2026, to regain compliance by achieving a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.
- Chijet is monitoring its share price and may consider implementing a reverse stock split to meet the Nasdaq listing rules.
Oct 20, 2025, 8:35 PM
Chijet Motor Company Announces Registered Direct Offering
CJET
M&A
New Projects/Investments
- Chijet Motor Company, Inc. announced a registered direct offering on October 1, 2025, expecting to generate approximately $15 million in gross proceeds.
- The offering involved the sale of an aggregate of 100,000,000 Class A ordinary shares (or pre-funded warrants in lieu thereof) at a purchase price of $0.15 per share.
- Specifically, 16,000,000 Class A ordinary shares were sold at $0.15 per share, and pre-funded warrants to purchase up to 84,000,000 Class A Ordinary Shares were sold at $0.147 per Pre-Funded Warrant.
- The offering closed on October 2, 2025, and the company intends to use the net proceeds for acquisition of new businesses, corporate management, talent recruitment, and general working capital purposes.
Oct 6, 2025, 8:30 PM
Chijet Motor Company, Inc. Reports Q2 2025 Financial Results, Faces Legal Challenges, and Completes Capital Raise
CJET
Earnings
Legal Proceedings
Demand Weakening
- For the six months ended June 30, 2025, Chijet Motor Company, Inc. reported a net loss of $(61,489) thousand, representing a 95% increase from the same period in 2024, while total revenues decreased by 82% to $599 thousand.
- Operating expenses surged, with selling, general and administrative expenses increasing by 349% to $61,003 thousand for the six months ended June 30, 2025, contributing to a 317% increase in total operating expenses.
- The company is facing legal proceedings due to its inability to meet loan conditions for US$96.96 million, which led to arbitration proceedings initiated on July 2, 2025, and a court order on September 1, 2025, to freeze bank deposits and auction mortgaged assets.
- As a subsequent event, on September 2, 2025, Chijet Motor Company, Inc. completed a public marketing offering, raising approximately US$8.0 million in gross proceeds from the sale of 13,560,000 Class A ordinary shares and warrants, with the funds received by the end of September 2025.
Sep 29, 2025, 8:30 PM
Chijet Motor Company Shareholders Approve Share Consolidation and Name Change
CJET
Proxy Vote Outcomes
- At its Annual General Meeting on September 25, 2025, CHIJET MOTOR COMPANY, INC. shareholders approved an up to 100 for 1 share consolidation of the company's issued and unissued shares.
- Shareholders also approved changing the company's name from "CHIJET MOTOR COMPANY, INC." to "Digital Currency X Technology Inc.".
- The Third Amended and Restated Memorandum and Articles of Association will be adopted, conditional upon the effectiveness of the share consolidation and name change.
Sep 25, 2025, 8:30 PM
Chijet Motor Company, Inc. Announces Annual General Meeting Proposals
CJET
Proxy Vote Outcomes
- CHIJET MOTOR COMPANY, INC. will hold its Annual General Meeting of Shareholders on September 22, 2025, for shareholders of record as of August 8, 2025.
- Shareholders will vote on an ordinary resolution for a proposed reverse stock split (share consolidation) of up to 30-for-1, consolidating up to 30 ordinary shares (par value US$0.003) into 1 ordinary share (par value no more than US$0.09).
- A special resolution will be voted on to change the company's name from "CHIJET MOTOR COMPANY, INC." to "Digital Currency X Technology Inc.".
- The meeting will also include the presentation of the company's financial information for the fiscal year ended December 31, 2024.
Sep 11, 2025, 4:55 PM
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