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ECARX Announces Completion of the Final Tranche of US$100 million Convertible Notes
ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced that the aggregate US$100 million in convertible notes (the "2025 Notes") contemplated by the convertible note purchase agreement entered into on November 3, 2025 (the "2025 Note Purchase Agreement"), as previously announced, have been fully subscribed as of February 9, 2026.
About this update from Ecarx Holdings Inc.
[{"type":"text","content":"LONDON, Feb. 10, 2026 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced that the aggregate US$100 million in convertible notes (the "2025 Notes") contemplated by the convertible note purchase agreement entered into on November 3, 2025 (the "2025 Note Purchase Agreement"), as previously announced, have been fully subscribed as of February 9, 2026.","length":470,"tagName":"p"},{"type":"text","content":"Pursuant to the 2025 Note Purchase Agreement, US$35 million of the 2025 Notes was purchased by the Initial Investor on November 14, 2025, and was followed by the purchase of US$25 million of the 2025 Notes by another investor on November 26, 2025. The remaining US$40 million of the 2025 Notes was purchased by a consortium of investors on February 9, 2026. All of the issued 2025 Notes have an initial conversion price of US$2.62, subject to customary adjustments set forth therein.","length":483,"tagName":"p"},{"type":"text","content":"The US$100 million offering was jointly purchased by SPDB International (Hong Kong) Limited, ICBC International Investment Management Limited, CNCB (Hong Kong) Investment Limited, and a global investment institution.","length":216,"tagName":"p"},{"type":"text","content":"Mr. Ziyu Shen, Chief Executive Officer and Chairman of ECARX, commented: "In 2025, we secured two major projects from Volkswagen Group and established technology partnerships with several global luxury automotive brands. This strategic capital commitment serves as a powerful endorsement of our global expansion strategy. With the completion of this transaction, we successfully refinanced US$65 million of our previous convertible notes and obtained an additional US$35 million in funding, further strengthening our capital structure. Combined with the US$45.6 million strategic investment from Geely in January 2026, we now have ample liquidity to drive our vision of becoming a leading Automotive Physical AI technology innovator."","length":764,"tagName":"p"},{"type":"text","content":"About ECARX","length":16,"tagName":"p"},{"type":"text","content":"ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next–generation smart vehicl...