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News  ›  GlobeNewswire Inc.

Chijet Motor Company, Inc. Announces Pricing of $11.0 Million Registered Direct Offering

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Matthew Abenante
Chijet Motor Company, Inc. Announces Pricing of $11.0 Million Registered Direct Offering

Chijet Motor Company is raising approximately $11.0 million through a registered direct offering of 8,461,530 class A ordinary shares at $1.30 per share, with Maxim Group LLC acting as the sole placement agent.

Insights
AMGN   positive

Demonstrated market activity with FDA approval of UPLIZNA, a humanized monoclonal antibody treatment


CJET   neutral

The company is conducting a standard capital raise to fund operations, which indicates neither significant financial distress nor exceptional growth. The offering suggests routine financial management.