ECARX将2025年可转换优先票据规模上调至1.3亿美元

2026-07-17 19:11

ECARX (ECX) increased the size of its 2025 convertible notes offering to $130M from $100M. The company also said an existing investor subscribed to an additional $15M of the notes, while another existing note was transferred to a new investor.
The original agreement allowed ECARX to issue up to $100M in 2025 convertible notes. An initial investor bought $35M worth of the notes, while the remaining $65M was fully subscribed during the fourth quarter of 2025 and the first quarter of 2026.
The notes carry a conversion price of $2.62 per share, subject to customary adjustments, and mature in 2028.
The initial investor subsequently transferred $15M of the initial note to an international investment bank and securities firm outside China. Following the amendment on July 16, the investor agreed to subscribe for a new 2025 note in the principal amount of $15M.
ECX shares fell nearly 6% premarket.

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