NIO-SW plans to issue no more than 182 million Class A ordinary shares
NIO-SW plans to issue no more than 182 million Class A ordinary shares, including American Depositary Shares, on September 10, 2025. The underwriters will receive an option to purchase an additional 27.2727 million shares within 30 days. The proceeds from the issuance will be used for research and development of smart electric vehicle technology, development of brand technology platforms, expansion of charging and battery swap networks, and general corporate purposes
According to the Zhitong Finance APP, NIO-SW (09866) announced on September 10, 2025, a proposed issuance involving a total of no more than 182 million shares of the company's Class A common stock, which includes the issuance of American Depositary Shares (ADS), with each ADS representing one share of Class A common stock of the company, and the issuance of Class A common stock. The ADS and/or Class A common stock issued in the equity offering will be allocated between the ADS issuance and the common stock issuance based on investor preferences.
The company plans to grant the underwriters of the equity offering a 30-day option to purchase up to 27.2727 million additional ADS, which, if exercised, will be settled solely in ADS.
The company currently plans to use the net proceeds from the equity offering to invest in the research and development of core technologies for smart electric vehicles, develop future technology platforms and models for its brands, expand the charging and battery swap network, further strengthen its balance sheet, and for general corporate purposes
