Uxin Secures US$15M Tranche at US$0.00953 per Share in Equity Deal
UXIN•Uxin closed a US$15 million tranche from NIO Capital affiliates, issuing Class A shares at US$0.00953 each (US$2.859 per ADS). This marks partial fulfillment of a US$50 million equity commitment from NIO Capital and Prestige Shine, with the remaining subscriptions pending customary closing conditions.
1. Closing of US$15M Investment
Uxin and affiliates of NIO Capital completed issuance of Class A ordinary shares for US$15 million at US$0.00953 per share (US$2.859 per ADS). This tranche fulfills part of the US$20 million commitment from NIO Capital under previously agreed share subscription agreements.
2. Details of Subscription Agreements
Under the agreements, affiliates of NIO Capital committed US$20 million and Prestige Shine Group Limited committed US$30 million, totaling US$50 million for issuance of 5,246,589,717 Class A ordinary shares at US$0.00953 each. This funding is designed to reinforce Uxin’s capital structure and support its strategic initiatives.
3. Remaining Funding and Conditions
The company and investors are actively working to close the remaining committed equity, subject to customary closing conditions such as regulatory approvals and final documentation. Completion of the remaining US$35 million will bolster liquidity and drive operational growth.
