Chijet Receives Nasdaq Notification on Minimum Bid Price Compliance

Chijet Motor Company, Inc. (NASDAQ: CJET) announced that it received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's Class A ordinary shares had a closing bid price below $1.00 for 30 consecutive business days. Chijet has 180 days to regain compliance, which can be achieved if the shares close at or above $1.00 for 10 consecutive business days. If compliance is not regained within this period, the company may be eligible for additional time. Chijet is considering options such as a reverse stock split to address the issue. The notification does not immediately affect the listing of the company's shares, which will continue to trade on Nasdaq under the ticker 'CJET'.