Nio (NIO) denies reports of $3B fundraising effort

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Go back to Nio (NIO) denies reports of $3B fundraising effort

NIO Inc. Responds to Market Speculations

September 25, 2023 8:58 AM EDT

SHANGHAI, China, Sept. 25, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company) is a pioneer and a leading company in the premium smart electric vehicle market. The Company has been made aware of certain media speculations claiming that the Company is considering raising certain capital from investors, which have been widely circulated today. In light of the unusual market activity in the Companys American depositary shares today, the Company would like to clarify that the Company currently has no reportable capital raising activity, other than the recent... More

NIO Inc. Announces Closing of US$1 Billion Convertible Senior Notes Offering

September 25, 2023 5:30 AM EDT

SHANGHAI, China, Sept. 25, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company), a pioneer and a leading company in the premium smart electric vehicle market, today announced the closing of its offering of US$500 million in aggregate principal amount of convertible senior notes due 2029 (the 2029 Notes) and US$500 million in aggregate principal amount of convertible senior notes due 2030 (the 2030 Notes, and, together with the 2029 Notes, the Notes) (the Notes Offering). The Notes were sold to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration... More