ECARX Holdings (ECX) Completes 25M Share Offering

ECARX Holdings Inc. (Nasdaq: ECX) today announced the completion of the underwritten public offering (the “Offering”) of 25,000,000 Class A ordinary shares of the Company (the “Ordinary Shares”), at a public offering price of US$1.80 per share. The Company has granted the underwriters in the Offering a 30-day option to purchase up to an additional 3,750,000 Ordinary Shares.

Deutsche Bank AG, Hong Kong Branch and China International Capital Corporation Hong Kong Securities Limited acted as representatives of the underwriters in the Offering.

The Ordinary Shares have been offered under the Company’s shelf registration statement on Form F-3 (the “Form F-3”) which was declared effective by the Securities and Exchange Commission (the “SEC”) on December 27, 2024. The Offering has been made only by means of a prospectus supplement and an accompanying prospectus included in the Form F-3. The Form F-3 and the prospectus supplement are available on the SEC website at: http://www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus may be obtained from (1) Deutsche Bank AG, Hong Kong Branch, Level 60, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong; and (2) China International Capital Corporation Hong Kong Securities Limited, 29th Floor, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong.

The Company plans to use the net proceeds from the Offering mainly for (i) research and development initiatives, (ii) establishment of overseas supply chain networks, and (iii) general corporate purposes.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

You May Also Be Interested In

• Cumberland Farms files for IPO on Nasdaq under ticker CMBY
• Bending Spoons closes IPO, raises ~$954M on Nasdaq
• Osprey Acquisition Corp. III raises $300M in Nasdaq IPO