Chijet Motor Plunges 64.58% on $8.0 Million Offering

On September 3, 2025, Chijet Motor's stock experienced a significant drop of 64.58% in pre-market trading, marking a dramatic shift in investor sentiment towards the company.

Chijet Motor's stock price plummeted following the announcement of an $8.0 million public offering. This move by the company to raise capital through a public offering has raised concerns among investors about the company's financial health and future prospects. The significant drop in stock price reflects the market's reaction to this news, as investors may be worried about the potential dilution of existing shares and the company's ability to manage its debt.

Additionally, the company's recent Form 424B5 filing, which began trading on The Nasdaq Global Market under the ticker symbol “CJET” on June 2, 2023, has also contributed to the market's uncertainty. This filing, along with the public offering, has led to a wave of negative sentiment among investors, resulting in the sharp decline in stock price.