Li Auto Inc. fell more than 3% in premarket action

Tiger Newspress2021-04-07

Li Auto Inc. fell more than 3% in premarket action after Announcing proposed offering of US$750 million convertible senior notes.

Li Auto Inc., an innovator in China’s new energy vehicle market, today announced that it proposes to offer up to US$750 million in aggregate principal amount of convertible senior notes due 2028, subject to market conditions and other factors. The initial conversion rate, interest rate, and other terms of the Notes have not been finalized and will be determined at the time of pricing of the Notes Offering. The Company intends to grant the initial purchasers in the Notes Offering a 13-day option to purchase up to an additional US$112.5 million aggregate principal amount of the Notes.

The Company plans to use the net proceeds from the Notes Offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.

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Comments

mcwood
2021-04-07
mcwood
[得意]
jaswsf
2021-04-07
jaswsf
Omg[捂臉]
Bibop
2021-04-07
Bibop
What’s wrong in investing in research?
Papa88
2021-04-07
Papa88
Ouch. No money
CLONGER
2021-04-07
CLONGER
haizz
Jeepattbomb
2021-04-07
Jeepattbomb
Zzz

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No money","listText":"Ouch. No money","text":"Ouch. No money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341169335","repostId":1109664634,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":341135215,"gmtCreate":1617791250937,"gmtModify":1704703169878,"author":{"id":"3576697370297478","authorId":"3576697370297478","name":"CLONGER","avatar":"https://static.itradeup.com/news/7239f28aff6577c21c21738bac5cb6eb","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"haizz","listText":"haizz","text":"haizz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341135215","repostId":1109664634,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":341139983,"gmtCreate":1617790321642,"gmtModify":1704703161450,"author":{"id":"3576094835663217","authorId":"3576094835663217","name":"Jeepattbomb","avatar":"https://static.tigerbbs.com/7d8394b0a3aa4e2b53de4163a01b2795","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Zzz","listText":"Zzz","text":"Zzz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341139983","repostId":1109664634,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":49,"commentSize":28,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1109664634"}