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ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility technology provider, today announced that it had entered into a securities purchase agreement (the "Transaction") 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 $150 million.
This financing is expected to enhance ECARX's liquidity position and strengthen its balance sheet, providing greater financial flexibility to execute on its strategic priorities. The proceeds will support the Company's ongoing global expansion, including accelerating product innovation, scaling partnerships with international OEMs, and investing in software-defined vehicle and intelligent cockpit technologies across global markets.
Posted In: ECX
