Loan & DebtJul 17, 2026, 05:01 PM
ROBO.AI Issues $12.5M Senior Convertible Promissory Note
AI Summary
ROBO.AI Inc. has issued a Senior Convertible Promissory Note with an original principal amount of $12,500,000. The note, issued on July 17, 2026, matures on July 17, 2028, and accrues interest payable monthly in Ordinary Shares or cash. It is convertible into Ordinary Shares, subject to a beneficial ownership limitation of 9.99%.
Key Highlights
- ROBO.AI Inc. issued a Senior Convertible Promissory Note.
- The note has an original principal amount of U.S. $12,500,000.
- The issuance date for the note is July 17, 2026.
- The note matures on July 17, 2028.
- Interest accrues from the issuance date and is payable monthly in Ordinary Shares or cash.
- The note is convertible into Ordinary Shares at a specified Conversion Rate.
- Conversion is subject to a beneficial ownership limitation of 9.99%.
Price Impact
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