Uxin Announces Entry Into Definitive Agreements For Financing Transaction Of $100M In Replacement Of The Previously Announced Binding Term Sheet
Uxin Announces Entry Into Definitive Agreements For Financing Transaction Of $100M In Replacement Of The Previously Announced Binding Term Sheet
Uxin Limited ("Uxin" or the "Company", together with its subsidiaries, the "Group") (NASDAQ:UXIN), a leading e-commerce platform for buying and selling used cars in China, today announced that it has entered into definitive agreements with an affiliate of an existing shareholder, Nio Capital, for the subscription of 714,285,714 senior convertible preferred shares of the Company for an aggregate amount of US$100 million, which will be paid in multiple installments. The completion of the transaction is subject to certain customary conditions. Following the closing of the transaction, the issuance of 714,285,714 senior convertible preferred shares will represent approximately 20% of the Company's total issued ordinary shares on an as-converted and fully diluted basis, considering the anti-dilution adjustment to the previously issued preferred shares of the Company. The binding term sheet previously announced on May 16, 2022 has been replaced with the definitive agreements.
The Company plans to use the proceeds from the financing transaction primarily to develop its Inspection and Reconditioning Plant in Hefei, expand its capacities to provide high quality used cars, and support its long-term business growth.
Uxin Limited ("Uxin" or the "Company", together with its subsidiaries, the "Group") (NASDAQ:UXIN), a leading e-commerce platform for buying and selling used cars in China, today announced that it has entered into definitive agreements with an affiliate of an existing shareholder, Nio Capital, for the subscription of 714,285,714 senior convertible preferred shares of the Company for an aggregate amount of US$100 million, which will be paid in multiple installments. The completion of the transaction is subject to certain customary conditions. Following the closing of the transaction, the issuance of 714,285,714 senior convertible preferred shares will represent approximately 20% of the Company's total issued ordinary shares on an as-converted and fully diluted basis, considering the anti-dilution adjustment to the previously issued preferred shares of the Company. The binding term sheet previously announced on May 16, 2022 has been replaced with the definitive agreements.
中國領先的二手車買賣電子商務平台優信有限公司(“優信” 或 “公司”,連同其子公司 “集團”)(納斯達克股票代碼:UXIN)今天宣佈,它已與現有股東蔚來資本的子公司簽訂最終協議,認購公司714,285,714股優先可轉換優先股,總金額爲1億美元分期付款。交易的完成受某些慣例條件的約束。交易完成後,考慮到對公司先前發行的優先股的反攤薄調整,按轉換後和全面攤薄計算,714,285,714股優先可轉換優先股的發行將佔公司已發行普通股總數的20%左右。先前於2022年5月16日宣佈的具有約束力的條款表已被最終協議所取代。
The Company plans to use the proceeds from the financing transaction primarily to develop its Inspection and Reconditioning Plant in Hefei, expand its capacities to provide high quality used cars, and support its long-term business growth.
該公司計劃將融資交易的收益主要用於開發其位於合肥的檢驗和翻新工廠,擴大其提供高質量二手車的能力,並支持其長期業務增長。
譯文內容由第三人軟體翻譯。
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