NIO down 5.09% after announced a proposed offering of $1B convertible senior notes
$NIO Inc(NIO.US$ NIO plans to use a portion of the net proceeds from the offering to repurchase a portion of the existing debt securities. The rest will mainly be used to build its balance sheet position and for general corporate purposes. Shares of NIO were down 5.09% at $9.79 in the after-hours session at the time of publication
Quote:
NIO shares are trading lower in the after-hours session Monday after the company announced a proposed offering of $1 billion convertible senior notes.
The proposed offering entails $500 million in aggregate principal amount of convertible senior notes due 2029 and $500 million in aggregate principal amount of convertible senior notes due 2030.
NIO shares are trading lower in the after-hours session Monday after the company announced a proposed offering of $1 billion convertible senior notes.
The proposed offering entails $500 million in aggregate principal amount of convertible senior notes due 2029 and $500 million in aggregate principal amount of convertible senior notes due 2030.
Source:
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Silverbat : Hoping Tesla buy 51% NIO
DanielT0304 Silverbat: This CEO is crazy with how he burns cash. Even Meta's COE know it is time to scrap some of their projects and reduce investment to cut cost, not this idiot. He could just cut operation cost like R&D, swap stations, mobile phone and this company can do much better.
Silverbat DanielT0304: I am worrying about his brain health.
103027647 : CEO know when bankrupt drop one dollar ccp will bail them out like last time so burn till zero cash