ECARX Holdings Raises $60 Million Through Convertible Note Financing

Reuters11-28

ECARX Holdings Raises $60 Million Through Convertible Note Financing

ECARX Holdings Inc. has announced the completion of private rounds of financing through the issuance of convertible notes. On November 3, 2025, the company entered into a convertible note purchase agreement allowing for the sale of up to US$100 million in convertible notes. An initial investor agreed to purchase US$35 million of these notes, with the transaction closing on November 14, 2025. Subsequently, another existing holder agreed to purchase an additional US$25 million in notes, with that transaction closing on November 26, 2025. The remaining US$40 million in convertible notes is subject to the identification of additional investors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ECARDX Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-054218), on November 28, 2025, and is solely responsible for the information contained therein.

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