Chijet Motor Company Secures $15 Million in Direct Offering

Chijet Motor Company ( (CJET) ) has shared an announcement.

On October 1, 2025, Chijet Motor Company announced a securities purchase agreement with institutional investors, involving the sale of 16 million Class A ordinary shares and pre-funded warrants for 84 million shares, raising approximately $15 million. The offering, closed on October 2, 2025, aims to fund acquisitions, corporate management, talent recruitment, and working capital. The agreement includes a 45-day restriction on issuing additional shares or equivalent securities, impacting the company’s operational flexibility in the short term.

Spark’s Take on CJET Stock

According to Spark, TipRanks’ AI Analyst, CJET is a Underperform.

Chijet Motor Company is facing severe financial and operational challenges, with negative profitability, high leverage, and liquidity issues. The bearish technical indicators and negative market reaction to earnings results further exacerbate the risks. The company’s low valuation metrics reflect its unprofitability and lack of dividend appeal, contributing to an overall weak stock score.

To see Spark’s full report on CJET stock, click here.

More about Chijet Motor Company

Chijet Motor Company, Inc. is engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEVs). The company operates a large vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to NEV production. Chijet leverages state-of-the-art manufacturing systems and stable supply chain management to offer high-performance products at reasonable prices, supported by a management team with extensive industry experience.

Average Trading Volume: 59,294,193

Technical Sentiment Signal: Sell

Current Market Cap: $3.2M

For a thorough assessment of CJET stock, go to TipRanks’ Stock Analysis page.