Chijet Motor Company to go public via SPAC merger with Deep Medicine Acquisition Corp.

Chijet Motor Company signed a business combination agreement with Deep Medicine Acquisition Corp., valuing Chijet at $2.55 billion. The deal will provide up to $127.8 million in net proceeds to fund EV development and expansion.

“Achieving the public listing milestone would enable Chijet to accelerate its electric vehicle development, manufacturing and sales”globenewswire.com

• 1 source
• globenewswire.comChijet Motor Company, Inc. has entered into a businessDeep Medicine Acquisition Corp.Jul 13, 2022

Summarized from public sources; check the original articles before acting on it.