Chijet Motor (CJET) closes $8.0M stock and warrant offering

Rhea-AI Filing Summary

Chijet Motor Company, Inc. closed a public offering of 13,560,000 Class A ordinary shares together with ordinary warrants to purchase up to 13,560,000 Class A ordinary shares, raising gross proceeds of approximately $8.0 million at a combined public offering price of $0.59 per share and accompanying warrant. The warrants have an initial exercise price of $0.59 per share, and the company also issued placement agent warrants to purchase up to 678,000 Class A ordinary shares as part of the compensation to the placement agent.

The company agreed to pay a cash fee equal to 7.0% of gross proceeds to the placement agent and reimburse up to $50,000 of its expenses. Company officers, directors, and shareholders owning 5% or more of the Class A ordinary shares entered into lock-up agreements restricting sales of their shares for 45 days after the closing, which occurred on September 4, 2025.

Insights

Equity capital markets analyst

Chijet raises $8.0M via discounted stock and warrant package.

Chijet Motor Company, Inc. completed a public offering of 13,560,000 Class A ordinary shares bundled with an equal number of warrants at a combined public price of $0.59 per share and warrant, for gross proceeds of about $8.0 million. Each warrant allows investors to buy an additional share at an initial exercise price of $0.59, creating potential future share issuance if exercised.

The placement agent receives a cash fee equal to 7.0% of the gross proceeds plus warrants to purchase up to 678,000 Class A ordinary shares, along with up to $50,000 in expense reimbursement. Officers, directors, and 5%+ shareholders agreed to 45-day lock-ups after the September 4, 2025 closing, temporarily limiting insider and large-holder sales.

Overall, this is a straightforward primary capital raise under an effective Form F-3 shelf registration. The actual impact on existing holders will depend on how the new shares and any future warrant exercises interact with the company’s broader capital structure, which is not detailed in this excerpt.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2025

Commission File Number: 001-41712

Chijet Motor Company, Inc.

(Exact name of registrant as specified in its charter)

No. 8, Beijing South Road

Economic & Technological Development Zone, Yantai

Shandong, CN-37 264006

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

CHIJET MOTOR COMPANY, INC. CLOSED $8.0 MILLION PUBLIC OFFERING

As previously disclosed, on September 2, 2025, Chijet Motor Company, Inc. (the “Company”) entered into a placement agency agreement (“Placement Agency Agreement”) with Maxim Group LLC (the “Placement Agent”) as the sole placement agent (the “Placement Agent”) and certain securities purchase agreements (the “Securities Purchase Agreements”) with certain investor named therein in connection with the offer and sale of (i) 13,560,000 Class A ordinary shares, par value US$0.003 per share (the “Class A Ordinary Shares”); and (ii) ordinary warrants (each an “Ordinary Warrant” and collectively, the “Ordinary Warrants”) to purchase up to 13,560,000 Class A Ordinary Shares (together, the “Offering”) at an initial exercise price of $0.59 per share, at a combined public offering price of US$0.59 per share and accompanying Ordinary Warrant. Pursuant to the Placement Agency Agreement, the Company also agreed to issue to the Placement Agent certain warrants to purchase up to 678,000 Class A Ordinary Shares as a portion of the compensation payable to the Placement Agent in connection with this Offering (the “Placement Agent Warrants”). The Placement Agent Warrants are in substantially similar form to the Ordinary Warrants. Gross proceeds, before deducting placement agent fees and other Offering expenses, are expected to be approximately $8.0 million.

Concurrently with the execution of the Securities Purchase Agreements, the officers and directors of the Company and shareholders of the Company holding 5% or more of the Company’s Class A Ordinary Shares entered into lock-up agreements (the “Lock-Up Agreement”) pursuant to which they have agreed, among other things, not to sell or dispose of any Class A Ordinary Shares which are or will be beneficially owned by them for forty five (45) days following the closing of the Offering.

The Company agreed to pay the Placement Agent an aggregate cash fee equal to 7.0% of the gross proceeds raised in the Offering, in addition to the issuance of the Placement Agent Warrants. The Company also agreed to reimburse the Placement Agent reasonable out-of-pocket actual expenses of up to $50,000.

Upon satisfaction of customary closing conditions, the Offering was consummated on September 4, 2025.

Copies of the form of the Securities Purchase Agreement, the form of the Ordinary Warrants, the form of the Lock-Up Agreement and the form of the Placement Agency Agreement are furnished hereto as Exhibits 99.1, 99.2, 99.3 and 99.4, respectively, and are incorporated herein by reference. The foregoing summaries of the terms of the Securities Purchase Agreement, the Ordinary Warrants, the Lock-Up Agreement and the Placement Agency Agreement are subject to, and qualified in their entirety by, such documents.

The Class A Ordinary Shares and Warrants are offered pursuant to the Company’s effective registration statement on Form F-3 (Registration Statement No. 333-281314) previously filed with the United States Securities and Exchange Commission (the “SEC”), which was declared effective by the SEC on August 16, 2024. A prospectus supplement relating to the securities was filed by the Company with the SEC on September 3, 2025.

A copy of the legal opinion issued by the Company’s Cayman Islands counsel Harney Westwood & Riegels is attached hereto as Exhibit 5.1.

Exhibits Index

Exhibit No.		Description
5.1		Opinion of Harney Westwood & Riegels
99.1		Form of Securities Purchase Agreement
99.2		Form of Ordinary Warrants
99.3		Form of Lock-up Agreements
99.4		Form of Placement Agency Agreement

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: September 5, 2025

	Chijet Motor Company, Inc.
	By:	/s/ Dongchun Fan
	Name:	Dongchun Fan
	Title:	Chief Financial Officer

FAQ

What did Chijet Motor Company, Inc. (CJET) announce in this Form 6-K?

Chijet Motor Company, Inc. reported that it closed a public offering of 13,560,000 Class A ordinary shares together with ordinary warrants to purchase up to 13,560,000 Class A ordinary shares, generating gross proceeds of approximately $8.0 million at a combined public offering price of $0.59 per share and accompanying warrant.

How many shares and warrants did Chijet Motor (CJET) issue in the offering?

The company sold 13,560,000 Class A ordinary shares and issued ordinary warrants to purchase up to 13,560,000 additional Class A ordinary shares. It also agreed to issue placement agent warrants exercisable for up to 678,000 Class A ordinary shares as part of the placement agent’s compensation.

What were the pricing terms of Chijet Motor’s (CJET) offering?

The offering was priced at a combined public offering price of $0.59 per Class A ordinary share and accompanying ordinary warrant, with each warrant having an initial exercise price of $0.59 per share.

What fees and expenses will Chijet Motor (CJET) pay to the placement agent?

Chijet Motor agreed to pay the placement agent a cash fee equal to 7.0% of the gross proceeds from the offering, issue placement agent warrants to purchase up to 678,000 Class A ordinary shares, and reimburse up to $50,000 of the placement agent’s reasonable out-of-pocket actual expenses.

Did Chijet Motor (CJET) enter into any lock-up agreements related to this offering?

Yes. Company officers, directors, and shareholders holding 5% or more of the Class A ordinary shares agreed not to sell or dispose of shares they beneficially own for 45 days following the closing of the offering under lock-up agreements.

When did Chijet Motor’s (CJET) $8.0 million offering close and under what registration?

The offering was consummated on September 4, 2025 and was conducted under Chijet Motor’s effective registration statement on Form F-3 (Registration No. 333-281314), with a related prospectus supplement filed on September 3, 2025.