CJET

Delisting Notification: Chijet Motor Company received a notification from Nasdaq regarding the delisting of its securities due to failure to meet market value requirements, with trading suspended as of February 25, 2025, unless an appeal is made.

Appeal Plans: The company intends to appeal the delisting decision and present a compliance plan to a Hearings Panel, seeking additional time to meet Nasdaq's listing requirements.

Delisting Notification: Chijet Motor Company has received a notification from Nasdaq regarding its impending delisting due to failure to meet minimum market value requirements, with trading set to be suspended on February 25, 2025.

Appeal Plans: The company intends to appeal the delisting decision to a Hearings Panel, seeking additional time to comply with Nasdaq's listing requirements while continuing operations in traditional fuel and new energy vehicles.

Chijet Motor Delisting Notice: Chijet Motor (CJET) received a notification from Nasdaq regarding the delisting of its securities due to non-compliance with market value requirements, specifically failing to meet the $50 million minimum market value and $15 million minimum publicly held shares.

Company's Future Actions: Chijet Motor plans to appeal the Nasdaq delisting notice while also facing a $100 million lawsuit over a loan default and is actively working on enhancing investor engagement through amendments to warrants and strengthening its board.

Chijet Motor Company Announcement: Chijet Motor Company, Inc. has issued an ordinary share purchase warrant to enhance operational liquidity and attract non-U.S. investors, potentially improving its market presence.

Company Overview and Performance: The company is based in the Cayman Islands and operates in the automotive industry, currently facing a year-to-date price decline of 11.89% with a market cap of $10.71M and a consensus rating of "Buy."

Granite Point Mortgage Trust Inc. Updates: Shares of Granite Point Mortgage Trust rose 3.2% in pre-market trading after announcing a quarterly cash dividend of 5 cents per share for common stock and 43.75 cents for preferred stock.

Market Movements: Several stocks experienced significant changes in pre-market trading, with Nukkleus Inc. gaining 73.3% and Jin Medical International Ltd. falling 21.5%.

Share Issuance Announcement: Chijet Motor Company is issuing 640,850 ordinary shares to holders of contingent value rights (CVRs) due to unmet earnout milestones from a previous business combination agreement. Each CVR holder will receive approximately 0.492694 ordinary shares based on their holdings.

Company Overview: Chijet specializes in the development and manufacturing of traditional fuel vehicles and new energy vehicles (NEVs), with production facilities in Jilin and Yantai, China, and a management team experienced in various industry sectors.

Compliance Issues: Chijet Motor Company received notifications from Nasdaq indicating it failed to meet the minimum market value requirements for its listed securities, with a compliance period until February 11, 2025, to rectify the situation.

Potential Delisting: If Chijet does not regain compliance by the deadline, it may face delisting from Nasdaq, although it can appeal the decision or seek transfer to The Nasdaq Capital Market if eligible.

Chijet Motor Company Nasdaq Notification: Chijet Motor Company received notification letters from Nasdaq indicating that it failed to maintain a minimum market value of $50 million for its listed securities and $15 million for publicly held shares over the past 30 and 32 consecutive business days, respectively.

Stock Performance: Following the notifications, Chijet's stock price dropped by 6.57% in premarket trading, reaching $3.27.

Chijet Motor Company Shareholder Meeting:

• Annual meeting held on June 28, 2024.
• Shareholders approved a reverse stock split and an increase in authorized share capital.
• Presented financial information for the fiscal year ended December 31, 2023.

Company Contact Information:

• Chijet's address: 2888 Donshan Street, Gaoxin Automobile Industrial Park, Jilin City, JL. P.R.China.
• Investor Relations contact: Skyline Corporate Communications Group, LLC in New York.

Forward-Looking Statements:

• Press release contains forward-looking statements under safe harbor provisions.
• Actual results may differ from expectations; readers advised not to rely solely on these statements.
• Significant risks and uncertainties involved that could impact actual results.

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• Chijet Motor Company, Inc. (CJET) shares increased by 39%.
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Top Gainers:

• Foxo Technologies (NYSEMKT:FOXO) stock up over 47% due to two acquisition deals.
• Chijet Motor (NASDAQ:CJET) shares soaring more than 32% with heavy premarket trading.
• Vaxart (NASDAQ:VXRT) stock surging more than 24% after receiving a $453 million award.
• Nauticus Robotics (NASDAQ:KITT) shares gaining over 21% following an offering update.
• CuriosityStream (NASDAQ:CURI) stock increasing more than 20% without specific news.

Top Losers:

• Nexalin Technology (NASDAQ:NXL) stock down over 27% after a major rally.
• Gain Therapeutics (NASDAQ:GANX) shares tumbling more than 27% post pricing a public offering.
• Rezolute (NASDAQ:RZLT) stock taking a beating of more than 18% due to a public offering.
• QXO (NASDAQ:QXO) shares sliding over 17% following a private placement.
• Ostin Technology (NASDAQ:OST) stock dropping 17% without any apparent news.

• The Investment Promotion Team from Fubao Street, Futian District, Shenzhen, visited Chijet Motor's subsidiary in Yantai City to discuss introducing related industries to Shenzhen.
• Discussions included funding, talent, and technical support needs for Chijet Motor's development.

• Futian District expressed readiness to provide support in industrial, financial, technological, and talent aspects for Chijet Motor.
• Shenzhen is known for nurturing potential enterprises and offers a mature financial service infrastructure.

• Chijet Motor values the financial market's role in its development and plans to collaborate with banks, funds, and financial institutions in Futian District.
• The company aims to engage in corporate mergers and acquisitions.

• Chijet Motor intends to participate in project roadshow activities in Futian District, Shenzhen, and establish a subsidiary of its Hong Kong enterprise there.
• A factory in Yantai will focus on new energy vehicle production upon completion.

• Chijet Motor specializes in traditional fuel vehicles and new energy vehicles, offering high-performance products at reasonable prices.
• The company has a management team with extensive experience in various aspects of the industry.