Chijet Motor Company Announces Private Placement Agreement

TL;DR

Chijet Motor just signed a private placement deal, details TBD.

AI Summary

On January 5, 2025, Chijet Motor Company, Inc. entered into a securities purchase agreement for a private placement. The filing does not specify the dollar amounts or the other parties involved in this agreement.

Why It Matters

This filing indicates Chijet Motor Company is raising capital through a private placement, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Private placements can be complex and their terms, including valuation and dilution, are not always immediately clear, posing potential risks to investors.

Key Players & Entities

• Chijet Motor Company, Inc. (company) — Registrant
• January 5, 2025 (date) — Date of securities purchase agreement

FAQ

Key Financial Figures

• $0.003 — of 1,678,572 ordinary shares, par value $0.003 per share, of the Company (the “O
• $1.68 — (the “Ordinary Shares”) at $1.68 per share (the “Shares”) an
• $1.00 — The Warrants have an exercise price of $1.00 per share (subject to adjustment as set
• $2.82 million — mpany, are expected to be approximately $2.82 million. Based in part upon the representatio

Filing Documents

• form6-k.htm (6-K) — 25KB
• ex4-1.htm (EX-4.1) — 81KB
• ex10-1.htm (EX-10.1) — 122KB
• 0001493152-25-001719.txt ( ) — 230KB

From the Filing

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 January 2025 Commission File Number: 001-41712 Chijet Motor Company, Inc. (Registrant’s Name) 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 Form 20-F or Form 40-F. Form 20-F Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Private Placement On January 5, 2025, Chijet Moter Company Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain investors (the “Investors”), severally but not jointly, for a private placement offering (the “Private Placement”) of 1,678,572 ordinary shares, par value $0.003 per share, of the Company (the “Ordinary Shares”) at $1.68 per share (the “Shares”) and warrants to purchase Ordinary Shares (the “Warrants”) to purchase up to 5,035,716 Ordinary Shares. The Warrants have an exercise price of $1.00 per share (subject to adjustment as set forth in the Warrants), are exercisable on or after January 7, 2025 for three years. The Warrants contain standard adjustments to the exercise price, including without limitation, stock dividends, splits, and reclassifications. The Private Placement closed on January 7, 2025. The gross proceeds to the Company from the Private Placement, before deducting estimated offering expenses payable by the Company, are expected to be approximately $2.82 million. Based in part upon the representations of the Investors in the Securities Purchase Agreement, the offering and sale of the Shares and Warrants will be exempt from registration under Regulation S promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The sales of the Shares and Warrants by the Company in the Private Placement have not been registered under the Securities Act or any U.S. state securities laws and the Shares and Warrants may not be offered or sold in the United States absent registration with the U.S. Securities and exchange Commission or an applicable exemption from the registration requirements. In the Securities Purchase Agreement and Warrants, the Investors represented that each of them is a “non-U.S. person,” as such term is defined in Regulation S under the Securities Act, and is not acquiring the Shares and Warrants with a view to any resale, distribution or other disposition of the Shares and Warrants in violation of the United States federal securities laws. The foregoing description of the Securities Purchase Agreement and the Warrants does not purport to describe all terms and conditions thereof and is qualified in its entirety by reference to the form of a Warrant and the form of a Securities Purchase Agreement which are filed as Exhibit 4.1 and Exhibit 10.1 hereto, respectively, and are incorporated herein by reference. EXHIBIT INDEX Exhibit Description of Exhibit 4.1 Form of Warrant 10.1 Form of Securities Purchase Agreement SIGNATURE 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 hereunto duly authorized. Chijet Motor Company, Inc. Date: January 10, 2025 By: /s/ Dongchun Fan Name: Dongchun Fan Title: Chief Financial Officer

View Full Filing

View this 6-K filing on SEC EDGAR