NIO Announces US$235 Million Private Placements of Short-term Convertible Notes
March 05 2020 - 8:00AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium electric vehicle market, today announced that it has
entered into definitive transaction documents with several
unaffiliated Asia-based investment funds (the “Purchasers”),
pursuant to which NIO will issue and sell convertible notes in an
aggregate principal amount of US$235 million to the Purchasers
through private placements. The closings of these private
placements are subject to satisfaction of customary closing
conditions and are expected to occur on or prior to March 11, 2020.
The notes to be issued to the Purchasers bear
zero interest and will mature on March 5, 2021. Prior to maturity,
holders of the notes have the right to convert either all or part
of the principal amount of the notes into Class A ordinary shares
(or ADSs) of the Company from September 5, 2020, at a
conversion price of US$3.50 per ADS, subject to certain
adjustments.
About NIO Inc. NIO Inc. is a
pioneer in China’s premium electric vehicle market. Founded in
November 2014, NIO’s mission is to shape a joyful lifestyle by
offering premium smart electric vehicles and being the best user
enterprise. NIO designs, jointly manufactures, and sells smart and
connected premium electric vehicles, driving innovations in next
generation technologies in connectivity, autonomous driving and
artificial intelligence. Redefining the user experience, NIO
provides users with comprehensive, convenient and innovative
charging solutions and other user-centric services. NIO began
deliveries of the ES8, a 7-seater high-performance premium electric
SUV in China in June 2018, and its variant, the 6-seater ES8, in
March 2019. NIO officially launched the ES6, a 5-seater
high-performance premium electric SUV, in December 2018 and began
the first deliveries of the ES6 in June 2019. NIO officially
launched the EC6, a 5-seater smart premium electric coupe SUV, in
December 2019 and plans to commence deliveries in 2020.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Among other things, the business outlook
and quotations from management in this announcement, as well as
NIO’s strategic and operational plans, contain forward-looking
statements. NIO may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission, in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about NIO’s
beliefs, plans and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement. Further information regarding these and other risks is
included in NIO’s filings with the SEC. All information provided in
this press release is as of the date of this press release, and NIO
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For more information, please
visit: http://ir.nio.com
For investor and media inquiries, please
contact:
NIO Inc.Investor RelationsTel:
+86-21-6908-3681Email: ir@nio.com
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