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Company to acquire up to $1 billion in EdgeAI tokens at a discount.
Chijet Motor Company, Inc. announced on November 24, 2025, a registered direct offering raising $11.0 million through the issuance of 8,461,530 shares at $1.30 per share. Simultaneously, the company entered into a strategic partnership with EdgeAI Frontier Technology Ltd. to acquire up to $1 billion in EdgeAI tokens at a 20% discount.
The offering amount totals $11.0 million with shares issued at $1.30 per share. The partnership allows Chijet to acquire EdgeAI tokens worth up to $1 billion at a 20% discount.
Chijet Motor Company, Inc. has a free float of 320,930 shares.
This summary was generated by AI from public sources and may contain errors. Not financial advice. Trade at your own risk.