ECARX Announces Settlement in Full of Senior Convertible Note at Maturity
PR Newswire•30/10/2026•07:00 ET
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Key Highlights
- ➤$50 million senior convertible note repaid in full and cancelled at maturity
- ➤$10 million waiver consideration paid to investor in full
- ➤No additional notes will be issued under the Securities Purchase Agreement
- ➤ECARX says cash repayment limits dilution and simplifies its capital structure
Expert Statements
Dylan Jeng, CFO of ECARX
“The remaining balance was paid in cash, in line with our commitment to protecting shareholder value and limiting dilution. Together with the termination of the additional notes earlier this month, this simplifies our capital structure and gives us greater financial flexibility as we focus on executing our growth strategy and improving profitability.”
ECARX Announces Settlement in Full of Senior Convertible Note at Maturity PR Newswire
LONDON, Oct. 30, 2026 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a leading global automotive intelligence business, today announced that the US$50 million senior convertible note (the "Note") issued to a U.S. based institutional investor (the "Investor") under the securities purchase agreement, dated October 30, 2025 between the Investor and the Company (the "Securities Purchase Agreement"), have matured on October 30, 2026 and that the Company has settled in full all amounts outstanding thereunder.
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