# ECARX Announces Settlement in Full of Senior Convertible Note at Maturity

- Link: https://www.thailand-business-news.com/pr-news/ecarx-announces-settlement-in-full-of-senior-convertible-note-at-maturity
- Published: 2026-10-30T18:00:00+07:00
- Author: PR Newswire

LONDON, Oct. 30, 2026 /PRNewswire/ — ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" 
or the "Company"), a leading global automotive intelligence business, today announced
that the US$50 million senior convertible note (the "Note") issued to a U.S. based
institutional investor (the "Investor") under the securities purchase agreement,
dated October 30, 2025 between the Investor and the Company (the "Securities Purchase
Agreement"), have matured on October 30, 2026 and that the Company has settled in
full all amounts outstanding thereunder.

On the maturity date, the Note was repaid in full and cancelled in accordance with
its terms, and no notes issued under the Securities Purchase Agreement remain outstanding.
As previously announced, the Company and the Investor also entered into a limited
waiver agreement, dated October 14, 2026 (the "Waiver Agreement"), under which the
Investor irrevocably waived all of its rights to deliver any additional closing 
notice and to purchase, or to require the Company to issue and sell, any additional
notes at any additional closing under the Securities Purchase Agreement. The Company
has paid the US$10 million waiver consideration to the Investor in full. As a result,
the Waiver Agreement has become effective in accordance with its terms and no further
notes will be issued under the Securities Purchase Agreement.

**Dylan Jeng, CFO commented: "The remaining balance was paid in cash, in line with
our commitment to protecting shareholder value and limiting dilution. Together with
the termination of the additional notes earlier this month, this simplifies our 
capital structure and gives us greater financial flexibility as we focus on executing
our growth strategy and improving profitability."

**About ECARX**

ECARX (Nasdaq: ECX), headquartered in London, is a leading global automotive intelligence
company. ECARX provides the intelligent brain that powers the next generation of
software-defined and AI defined vehicles. The company delivers end-to-end, full-
stack solutions spanning advanced system-on-chip hardware, high-performance central
computing platforms, intelligent cockpit technology, Advanced Driver Assistance 
Systems, cloud connectivity and physical AI, alongside bespoke vehicle software 
and intelligent operating systems.

As automakers transition to software-first and AI-first vehicle architectures, ECARX
empowers automakers to streamline integration, reduce systemic complexity and optimize
long-term cost efficiency. ECARX’s proven technology is deployed across over 12 
million vehicles worldwide, and is currently partnered with 18 global automakers
and 28 vehicle brands to shape the future of automotive intelligence.

Founded in 2017 and listed on Nasdaq in 2022, ECARX operates from 15 major international
locations across Europe, the Americas and Asia, with a global team of over 1,400
employees.

Safe Harbor Statement

This release contains statements that are forward-looking statements within the 
meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements
are based on management’s beliefs and expectations as well as on assumptions made
by and data currently available to management, appear in a number of places throughout
this document and include statements regarding, amongst other things, results of
operations, financial condition, liquidity, prospects, growth, strategies and the
industry in which we operate. The use of words "expects", "intends", "anticipates","
estimates", "predicts", "believes", "should", "potential", "may", "preliminary","
forecast", "objective", "plan", or "target", and other similar expressions are intended
to identify forward-looking statements. These forward-looking statements are not
guarantees of future performance and are subject to a number of risks and uncertainties
that could cause actual results to differ materially, including, but not limited
to statements regarding our intentions, beliefs or current expectations concerning,
among other things, results of operations, financial condition, liquidity, prospects,
growth, strategies, future market conditions or economic performance and developments
in the capital and credit markets and expected future financial performance, and
the markets in which we operate.

For a discussion of these and other risks and uncertainties that could cause actual
results to differ materially from those expressed in any forward-looking statement,
see ECARX’s filings with the U.S. Securities and Exchange Commission. ECARX undertakes
no obligation to update or revise forward-looking statements to reflect subsequent
events or circumstances, except as required by applicable law.

 

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