Financing ·
Robo.ai Inc. consummated the second closing under its Securities Purchase Agreement on August 28, 2026, issuing a…
AIIORobo.AI Inc.
Robo.ai Inc. consummated the second closing under its Securities Purchase Agreement on August 28, 2026, issuing a $12.5 million senior convertible note to Jak Mobility Ventures II LLC for an aggregate purchase price of $11.5 million. The Second Note matures on August 28, 2028, carries a fixed conversion price of $2.20 per share, and accrues interest payable monthly in shares or cash. Concurrently, the parties amended the original agreement to extend the deadline for additional closings to November 30, 2026, revise shareholder approval obligations, and waive certain closing conditions for this tranche. This financing provides capital to support Robo.ai Inc.'s operations as a developer of autonomous robotics software.