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- Second Note Issuance (new) — Issuance of a $12.5M convertible note at a discount with a low conversion price of $2.20 creates significant potential dilution for existing shareholders.
- Conversion Terms and Dilution (new) — The second note's conversion price of $2.20 is significantly lower than the facility's $3.30, indicating more favorable terms for the investor and greater dilution risk.
ROBO.AI Inc. (AIIO) issues $12.5M convertible note at $2.20 conversion price, part of $37.5M facility
Filed August 31, 2026 · ~1 min read
Key Changes
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Company issued a $12.5M senior convertible note for $11.5M cash (8% discount), convertible into Class B ordinary shares at $2.20 per share, maturing August 28, 2028.
Risk Factors verify on EDGAR → -
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The note is part of a facility allowing up to $37.5M in convertible notes, issued at $920 per $1,000 principal (8% original issue discount).
Risk Factors verify on EDGAR → -
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Conversion price for the facility is $3.30, but the second note has a fixed conversion price of $2.20, implying more favorable terms for the investor and greater potential dilution.
Risk Factors verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 31, 2026 · How we verify