<a href="https://laohu8.com/S/AIIO">Robo.ai Inc</a>. Signs $100 Million Standby Equity Purchase Agreement with Yorkville
Robo.ai Inc., a Cayman Islands exempted company, has entered into a standby equity purchase agreement with YA II PN, Ltd. Under this agreement, Robo.ai holds the right to issue and sell Class B ordinary shares to Yorkville up to an aggregate amount of $100 million over a 24-month period. The purchase price for each advance will be 97% of the lowest daily volume-weighted average price of the shares during three consecutive trading days following an advance notice. As part of the agreement, Robo.ai has paid Yorkville a structuring fee of $25,000 and will also provide a commitment fee of 0.75% of the commitment amount, payable in cash or shares. The agreement includes terms prohibiting short selling by Yorkville and may be terminated by mutual consent or under specific conditions.
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