Robo.ai enters up-to-$37.5m senior convertible-note facility
Robo.ai entered a securities purchase agreement for a multi-closing senior convertible-note facility, subject to closing conditions.
Evidence notes
- The facility permits multiple closings of senior convertible notes with aggregate original principal of up to $37.5 million.
- Each closing remains subject to the conditions or waivers specified in the securities purchase agreement.
- The facility provides financing capacity that becomes funded only through completed closings.
Company context
Robo.ai is a Nasdaq-listed AI and robotics company developing partnership-led platforms across smart vehicles, robotics, logistics and industrial automation.