Chijet Motor Company is raising approximately $11.0 million through a registered direct offering of 8,461,530 class A ordinary shares at $1.30 per share, with Maxim Group LLC acting as the sole placement agent.

Chijet Motor Company plans to change its name to Digital Currency X Technology Inc. and ticker symbol from CJET to DCX, with the change delayed due to regulatory procedures.

Chijet Motor Company will change its name to Digital Currency X Technology Inc. and trade under ticker DCX starting November 14, 2025, following a shareholder vote. The company will also implement a 100-for-1 share consolidation.

EdgeAI launches a decentralized edge intelligence network connecting over 20,000 industrial and maritime devices across Asia, leveraging Tagvance's IoT infrastructure to enable autonomous machine learning and collaboration.

Chijet Motor Company successfully completed a private placement offering of units in cryptocurrency, raising $300 million through the sale of ordinary shares and warrants to non-U.S. institutional investors.