ECARX Holdings Launches $150 Million Convertible Notes Offering

Reuters11-11
ECARX Holdings Launches $150 Million Convertible Notes Offering

ECARX Holdings Inc. (Nasdaq: ECX), a global mobility technology provider, announced it has entered into a securities purchase agreement with ATW Partners for the issuance and sale of up to $150 million in convertible notes. This financing aims to enhance ECARX's liquidity and support its global expansion, product innovation, and investment in software-defined vehicle and intelligent cockpit technologies. D. Boral Capital LLC served as the exclusive placement agent for the transaction. Details on the price, maturity date, and interest rate were not disclosed in the announcement.

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