M&A - Chijet Motor Company, Inc.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-01-10

Corporate Action: Acquisition

Type: Update

Accession Number: 000149315225001715

Filing Summary: This Amendment No. 1 updates the previously filed Schedule 13D by Chijet Motor Company, Inc. to reflect changes in the beneficial ownership of shares held by Chijet Holdings Limited ("CHL"). Notably, as certain earnout milestones in the Amended and Restated Business Combination Agreement ("BCA") were not achieved for 2023, CHL surrendered 286,618 Ordinary Shares for cancellation. Additionally, under a Securities Purchase Agreement dated January 5, 2025, the Issuer has issued 339,286 Ordinary Shares and 1,017,858 Warrants to CHL as part of a private placement transaction. The shares acquired in the private investment in public equity (PIPE) transaction, combined with previously held shares, amount to a total beneficial ownership of 2,755,255 Ordinary Shares, representing approximately 33.74% of the total outstanding shares calculated on a denominator of 8,166,506 shares. Mr. Hongwei Mu, the director of CHL, is deemed to be the beneficial owner of these securities.

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