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Wednesday, May 24, 2023

Equity Corporate Actions Alert #2023 - 301
(UPDATED: Revision to Effective Date) Information Regarding the Business Combination of Jupiter Wellness Acquisition Corp (JWAC/R) and Chijet Motor Company, Inc.

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  • Industry Announcement

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The business combination of Jupiter Wellness Acquisition Corp (JWAC/R) and Chijet Motor Company, Inc. (CJET) closed today, June 1, 2023. As a result of the business combination, the Class A Common stock, and Rights of Jupiter Wellness Acquisition Corp (JWAC/R) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Jupiter Wellness Acquisition Corp. Class A Common Stock
CUSIP#: 48208E108
Symbol: JWAC
Anticipated Last Trading Date: June 1, 2023
Anticipated Marketplace Effective Date for Suspension: June 2, 2023
Merger Consideration: One (1) Chijet Motor Company, Inc Ordinary Share (CJET) & One (1) non-transferable CVR for each share held.
Company Name/Issue: Jupiter Wellness Acquisition Corp. Right
CUSIP#: 48208E116
Symbol: JWACR
Anticipated Last Trading Date: June 1, 2023
Antcipated Marketplace Effective Date for Suspension: June 2, 2023
Merger Consideration: One (1) Chijet Motor Company, Inc Ordinary Share (CJET) for every 8 rights held.

As a result of the merger the combined company will list the Ordinary Shares (CJET) on the Nasdaq Global Market. The details are as follows:

Company Name/Issue: Chijet Motor Company, Inc. Ordinary Shares
CUSIP#: G4465R103
Symbol: CJET
Anticipated Marketplace Effective Date: June 2, 2023

If you would like to register as a market maker in CJET contact Nasdaq Trading Services at +1 212 231 5100.


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