Jupiter Wellness, Inc. And Jupiter Wellness Acquisition Corp. Announces Effectiveness Of Registration Statement And Special Meeting Date To Be Held April 20, 2023, For Proposed Business Combination

Special Meeting of Jupiter Wellness Acquisition Corp. Shareholders to Approve Business Combination, Scheduled for April 20, 2023

JUPITER, FL / ACCESSWIRE / March 31, 2023 / Jupiter Wellness, Inc. (the "Sponsor") (NASDAQ:JUPW), the business combination sponsor, announced today that the U.S. Securities and Exchange Commission ("SEC") has declared effective the Registration Statement on Form F-4 (the "Registration Statement") of Chijet Motor Company, Inc., a developer of next-generation electric vehicles, in connection with its previously announced proposed business combination with Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) ("JWAC"), a special purpose acquisition company listed on the Nasdaq stock exchange ("Nasdaq"), and the details of a special meeting (the "Special Meeting") to be held April 20, 2023, to approve the proposed combination.

The business combination is expected to close shortly after its announced Special Meeting, subject to shareholder approvals and satisfaction of other customary closing conditions. Upon closing, the combined company is expected to commence trading under the new ticker symbol, "CJET".

Special Meeting

JWAC recommends that its shareholders vote in favor of the proposed business combination and the related proposals described in the proxy statement/prospectus dated March 30, 2023 (the "Proxy Statement"), at JWAC's Special Meeting. The Special Meeting will be held at 10:00 a.m. Eastern Time on April 20, 2023.

JWAC's shareholders as of March 8, 2023, the record date for the Special Meeting (the "Record Date"), are entitled to vote their shares either in person, remotely, or by proxy in advance to ensure that their shares are represented at the Special Meeting.

Shareholders who hold shares in "street name," meaning that the shares are held of record by a broker, bank, or nominee, should contact the relevant broker, bank, or nominee promptly to ensure that votes related to their beneficially owned shares are properly cast.