ECARX Holdings Inc. announced that the aggregate $100 million in convertible notes, issued under the 2025 Note Purchase Agreement, has been fully subscribed. The final tranche of $40 million was purchased by a consortium of investors on February 9, 2026, completing the offering that began in November 2025.
The transaction refines ECARX’s balance sheet by refinancing $65 million of earlier convertible debt and adding $35 million in new funding. All notes carry an initial conversion price of $2.62 per share, subject to customary adjustments, and will convert into common equity upon the company’s next qualifying event.
The financing provides ECARX with additional liquidity to support its global expansion strategy, including the development of new computing platforms and the scaling of its software and services businesses. CEO Ziyu Shen noted that the capital raise “strengthens our capital structure and positions us to accelerate growth in key markets.”
The completion of the $100 million convertible note issuance represents a significant capital‑raising milestone for ECARX, giving the company a stronger financial foundation as it pursues its ambitious international growth targets.
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