Financing ·
Robo.ai Inc. entered into a securities purchase agreement on July 15, 2026, to issue senior convertible notes with an…
AIIORobo.AI Inc.
Robo.ai Inc. entered into a securities purchase agreement on July 15, 2026, to issue senior convertible notes with an aggregate principal amount of up to $37.5 million to an institutional investor. The notes are convertible into Class B ordinary shares and bear no interest unless an event of default occurs, in which case a 14% annual interest rate applies. On July 17, 2026, the company completed the initial closing, issuing an initial note of $12.5 million for a purchase price of $11.5 million with a fixed conversion price of $5.81 and a maturity date of July 17, 2028. Net proceeds are designated for general corporate purposes and working capital. The company operates in the AI industry and provides robotics-related technology solutions.