Ecarx (ECX) announced that it had entered into a securities purchase agreement with ATW Partners, a New York-based investment firm, under which the company may issue and sell convertible notes for up to an aggregate principal amount of $150M. D. Boral Capital acted as the exclusive placement agent for the offering.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ECX:
- ECARX Holdings Secures $150 Million Convertible Notes Deal
- Ecarx Antora, Cloupeak expand into UK with launch of Gelly EX5
- Ecarx, VGT announce global strategic partnership
- ECARX Holdings Reports Revenue Growth Amid Currency Change
- Ecarx announces launch of Lynk & Co 07 EM-P hybrid sedan, 08 EM-P hybrid SUV