Financing ·
SS Innovations raises $20M via secured convertible note with $21.025M principal
SSIISS Innovations International, Inc.
On October 9, 2026, SS Innovations International entered into a Securities Purchase Agreement and issued a secured convertible promissory note to an institutional investor for an aggregate purchase price of $20,000,000. The Note carries an original principal amount of $21,025,000, reflecting an original issue discount of $1,000,000 and transaction expenses of $25,000. It bears interest at 8.75% per annum compounded daily and matures thirty-six months after the closing date. The Note is secured by the Company's intellectual property and other assets, excluding its Indian subsidiary, and includes conversion features tied to market price thresholds. SS Innovations International operates in the technology sector.