London, October 30, 2026 / PRNewswire / -- ECARX Holdings Inc. (Nasdaq ticker: ECX, hereinafter referred to as “ECARX” or “the Company”) announced today that the $50 million of senior convertible notes (hereinafter referred to as “notes”) issued under a securities purchase agreement signed with a U.S. institutional investor (hereinafter referred to as “the Investor”) on October 30, 2025, have matured on October 30, 2026, and the Company has fully settled the outstanding amount.
On the maturity date, the note was fully repaid and cancelled in accordance with its terms, and there are no outstanding issued notes under the securities purchase agreement. As previously disclosed, the company also signed a limited exemption agreement (hereinafter referred to as the 'Exemption Agreement') with the investor on October 14, 2026. Under this agreement, the investor irrevocably waived its right to further delivery notices under the securities purchase agreement, as well as all rights to purchase or request the company to issue and sell any additional notes. The company has paid the investor a full exemption fee of $10 million. Therefore, the Exemption Agreement has taken effect in accordance with its terms, and no further notes will be issued under the securities purchase agreement.
Chief Financial Officer Dylan Jeng stated:
"The remaining balance has been paid in cash, which is in line with our commitment to protect shareholder value and limit dilution. Coupled with the termination of the additional note arrangements earlier this month, this simplifies our capital structure and provides us with greater financial flexibility as we focus on implementing our growth strategy and enhancing profitability."
About ECARX
ECARX (Nasdaq: ECX) is headquartered in London and is a globally leading company in automotive intelligence. ECARX provides the "intelligent brain" that drives the next generation of software-defined and AI-defined vehicles. The company offers end-to-end, full-stack solutions that encompass advanced SoC hardware, high-performance central computing platforms, intelligent cockpit technologies, advanced driver assistance systems, cloud connectivity, and physical AI, as well as customized vehicle software and intelligent operating systems.
As automobile manufacturers transition to vehicle architectures that prioritize software and AI, ECARX helps automakers simplify integration, reduce system complexity, and optimize long-term cost efficiency. The mature technology of ECARX has been deployed in over 12 million vehicles worldwide, and currently, it is collaborating with 18 global automobile manufacturers and 28 automotive brands to jointly shape the future of automotive intelligence.
ECARX was established in 2017 and went public on NASDAQ in 2022. It has 15 major international offices in Europe, the Americas, and Asia, with over 1,400 employees worldwide.
Safe Harbor Statement
This press release contains forward-looking statements as defined by the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's beliefs and expectations, as well as data and assumptions currently available to management, and are spread throughout various sections of this document. They include, but are not limited to, statements regarding operating results, financial condition, liquidity, prospects, growth, strategy, and the industry in which the company operates. Words such as "expected," "intended," "anticipated," "estimated," "predicted," "believed," "should," "potential," "possible," "preliminary," "forecast," "target," "plan," or "objective," among others, and similar expressions, are used to identify these forward-looking statements. Such forward-looking statements do not guarantee future performance and are subject to various risks and uncertainties that may cause actual results to differ significantly from those stated. These risks and uncertainties include, but are not limited to, those related to the company's operating results, financial condition, liquidity, prospects, growth, strategy, future market conditions or economic performance, as well as developments in capital and credit markets and expectations for future financial performance, and the market in which the company operates.
For discussions regarding these and other risks and uncertainties that may lead to significant differences between actual results and those expressed in any forward-looking statements, please refer to the documents submitted by ECARX to the U.S. Securities and Exchange Commission. Except as required by applicable laws, ECARX does not undertake any obligation to update or revise forward-looking statements to reflect subsequent events or circumstances.
