The listed company Chijet Motor has completed a private placement financing of approximately 300 million USD in cryptocurrency

ChainCatcher news, according to GlobeNewswire, Nasdaq-listed Chijet Motor Company, Inc. (stock code: CJET) announced today the successful completion of a private placement, raising the equivalent of $300 million in cryptocurrency funds.

The offering is aimed at non-U.S. institutional investors, with each unit consisting of one share of common stock (priced at $0.10) and three warrants (exercise price of $0.12).

Chijet CEO Melissa Chen stated that this financing will provide the company with financial flexibility to advance the construction of secure cryptocurrency custody infrastructure and to make strategic acquisitions in the digital asset storage ecosystem.