Chijet Motor completed a $300 million private sale of Crypto Assets.

robot
Abstract generation in progress

PANews, October 27 - According to GLOBE NEWSWIRE, Chijet Motor Company, Inc (NASDAQ: CJET) announced the completion of a private sale priced in Crypto Assets, raising approximately $300 million. This issuance to non-U.S. institutional investors includes 1 share of common stock (par value $0.003, priced at approximately $0.10 in equivalent Crypto Assets) and 3 warrants (exercise price approximately $0.12 in equivalent Crypto Assets, with a term of 3 years and cashless exercise under certain conditions). The company stated that the proceeds will be used to strengthen the infrastructure for Crypto Assets custody and for potential acquisitions.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)