Chijet Motor completes $300 million cryptocurrency private placement

Jinse Finance reported that Nasdaq-listed company Chijet Motor Company, Inc. (stock code: CJET) announced today that it has successfully completed a private placement, raising the equivalent of $300 million in cryptocurrency funds. This issuance was targeted at non-U.S. institutional investors, with each unit consisting of one ordinary share (priced at the equivalent of $0.10) and three warrants (exercise price equivalent to $0.12).