TechFlow, Oct 27 — Chijet Motor Company, Inc. (Nasdaq: CJET), a publicly traded company on Nasdaq, today announced the successful completion of a private placement financing, raising $300 million in cryptocurrency funds. The offering was made to non-U.S. institutional investors, with each unit consisting of one share of common stock (priced at $0.10) and three warrants (exercisable at $0.12).
Melissa Chen, CEO of Chijet, stated that the financing will provide the company with financial flexibility to advance the development of secure cryptocurrency custody infrastructure and pursue strategic acquisitions within the digital asset storage ecosystem.
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