Loan & DebtJul 15, 2026, 04:11 PM
ROBO.AI to issue up to $37.5M in Senior Convertible Notes due 2028
AI Summary
ROBO.AI INC. entered into a Securities Purchase Agreement on July 15, 2026, for the issuance of Senior Convertible Promissory Notes with an aggregate original principal amount of up to $37,500,000. These notes, due in 2028, are convertible into Ordinary Shares and will rank senior to most other company indebtedness. The financing is structured across an initial closing, a second closing, and potential additional closings, each for up to $12,500,000.
Key Highlights
- Entered Securities Purchase Agreement on July 15, 2026.
- To issue up to $37,500,000 in Senior Convertible Promissory Notes.
- Notes are convertible into Ordinary Shares.
- Notes mature in 2028.
- Initial closing for up to $12,500,000 in notes.
- Second closing for up to $12,500,000 in notes.
- Additional closings for up to $12,500,000 in notes.
- Notes rank senior to most other indebtedness.
Price Impact
More from AIIO