ECARX has increased the size of its 2025 convertible senior notes offering to $130 million from the originally planned $100 million. An existing investor subscribed to an additional $15 million of the notes, while another existing note was transferred to a new investor. The notes carry a conversion price of $2.62 per share and mature in 2028. ECARX shares fell nearly 6% in premarket trading following the announcement.
ECARX Holdings Inc. Class A Ordinary sharesCompany upsized convertible notes offering to $130 million, diluting existing shareholders; shares fell nearly 6% in premarket.